Pangasius stock is running low!

Since the opening of the market in the Year of the Tiger, both the northern and southern markets of domestic pangasius have been in a state of serious shortage - there is almost no stock of open-back pangasius and peeled pangasius fillets.

Due to the superposition of various costs such as serious shortage of goods, sea freight, demurrage fees, and domestic transportation fees, the market quotations of pangasius have risen across the board, and the shortage of goods will be difficult to alleviate in the short term...

1. The latest price of pangasius in Vietnam
According to the editor's understanding: Since the opening of the market in the Year of the Tiger, the market price of pangasius has risen across the board.
By the end of 2021, the price of raw fish will be about VND 23,000-23,500/kg. At the beginning of the Year of the Tiger, the price of raw fish will be about VND 27,000-28,000/kg, an increase of over VND 3,000/kg compared with before the Spring Festival. The price has risen to 30,000 VND/kg in two weeks.

2. China's domestic pangasius market

In the first week after the festival, Vietnamese factories were successively found to be positive for the virus by the customs, and many factories were notified to stop reporting for a week or two, which affected the arrival of pangasius after the festival, increased port fees, and paid an extra 1,000 yuan per day. cabinet.

Domestic pangasius prices are affected by the continuous increase in factory quotations, and it is expected that the price of pangasius will rise sharply in the future, and the prices of dealers in various places have begun to increase by 10-15 yuan per piece. Because Vietnam's raw material production may decrease by 30%, fishermen are not willing to sell small-scale raw materials and wait for prices to rise.

At present, there are not many domestic stocks in stock. Affected by the epidemic, importers do not have a lot of stocks. This year's Spring Festival consumption is normal, and there are not many stocks before. The Vietnamese factory has received a large influx of orders, causing the price of raw materials to continue to rise, which may be close to 37,000 VND/kg in 2018, so the quotation may continue to rise this week. , Butterfly open back, pickled open back pangasius, etc. will maintain high prices, it is difficult to drop the price, and the cost of the entire industry chain will remain high.

3. European and American orders and domestic order demand of Vietnamese factories

1. European and American demand

The European and American regions have gradually opened up industries such as catering and tourism, and the demand will further increase. More and more countries will reopen to tourists and adjust their epidemic prevention policies.

Sweden has begun to announce the end of the epidemic and lifted the epidemic prevention restrictions. In the future, more countries will start to cancel the epidemic prevention policy, and a large number of orders will be released.

Domestic orders are affected by quotations from European and American countries, passively accepting high prices, and the quotations will continue to rise one step later. This week, the Vietnamese pangasius factory has received orders from many Chinese importers to prepare for future price increases.

It is reported that the seaborne price will rise again this year, and everyone wants to get the goods in their hands as soon as possible to reduce the impact of price increases.

2. Domestic demand

According to China Customs statistics, December 2021 is also the month with the highest import volume of pangasius throughout the year, with an import volume of about 21,400 tons, a month-on-month growth rate of 86%! But despite this, the import volume of pangasius in December was only 70% of that in December 2020 and more than 60% of that in December 2019.

3. Various costs and customs clearance time before and after the epidemic (freight fee, customs clearance fee, quarantine)
Sea freight will increase by at least US$3,000/container, and domestic shipping will increase by 40%.
Customs clearance time: port congestion, cargo squeeze, long quarantine queue time, the time limit for customs clearance at different ports varies from one week to one month.

4. The customs clearance speed of Vietnam's export ports
Due to the intensifying epidemic situation in Vietnam, the pressure on China-Vietnam land transportation border has also increased sharply.
out of stock! Open back, peeled Basha zero inventory! Vietnam factory production capacity is limited! Many border trade ports in Guangxi have suspended customs clearance, and the customs clearance time has been extended again.
The increase in the price of pangasius is related to severe shortages in the domestic market. At present, the domestic open-back pangasius and peeled pangasius fillets have almost zero inventory, and there are a small amount of skinned fish fillets in stock.
The shortage is mainly caused by the following reasons: From the perspective of Vietnamese producers, the epidemic situation in Vietnam has become more severe, which has affected the production recovery of Vietnamese factories.
According to the Ministry of Health of Vietnam, Vietnam has added more than 20,000 new confirmed cases of COVID-19 for three consecutive days, with about 21,000, 24,000 and 26,000 new confirmed cases on February 8, 9 and 10 respectively. It involves 61 provinces and cities in Vietnam. The spread of the epidemic is widespread, resulting in limited factory capacity.
From the perspective of transportation, the resistance to the arrival of Vietnamese pangasius is not small. On the one hand, due to the requirements of Guangxi epidemic prevention and control, the normal opening of border ports has been delayed, making it difficult for border trade to pass goods.
Since February 7, Baise City has adopted home isolation and control measures for all employees. All vehicles heading for Baise are not allowed to enter Baise (the expressway can pass normally but cannot stay). Longbang and Pingmeng ports have delayed the resumption of customs clearance and resumed customs clearance operations. It depends on the epidemic situation in Baise City.

6. Import declaration of Vietnamese aquatic product enterprises
At the beginning of the new year of 2022, the packaging of Vietnamese aquatic products exported to China was repeatedly tested positive for the new coronavirus nucleic acid, the relevant products were processed, and the relevant enterprises were suspended accordingly.
It can be clearly seen from the customs website that since January 1, the customs has issued a total of 11 notices on "taking emergency precautionary measures" to overseas aquatic product manufacturers due to the positive detection of new coronavirus nucleic acid in products. Among them, Nine times, it was an explanation of measures taken by Vietnamese seafood companies! The probability is as high as 82%!