Earnings from Tra fish exports are expected to increase 5 percent to reach 1.6-1.7 billion USD in 2016, according to Vietnam Association of Seafood Exporters and Processors (VASEP).

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Demand for Vietnam’s Tra fish exports in the fourth quarter of 2016 and the first quarter of 2017 is forecasted to rise by 20 percent as the year-end holiday season begins in importing countries, added VASEP.

The association also said Tra fish processors are facing material shortages, after many farmers stopped raising the fish due to falling Tra fish price and a lack of fry.

In order to meet the projected figure, VASEP advised businesses to sign contracts with farmers to ensure stable supply and prices while helping expand fish farming area.

Source: VNA