GEPIMEX 404: Exports to Algeria and Ukraine blooming

Gepimex 404 reported its exports to worldwide market in March and Q1/2011 were in more favorable conditions than the same period last year.

In the first quarter, the company shipped 2,037MT of Pangasius and fish surimi, totaled US$4.37 million. It exported directly 237MT of fish surimi to South Korea, and 313MT of frozen Pangasius fillet to other ten markets.

In March alone, Gepimex 404 shipped 762MT of seafood, worth US$1.74 million. South Korea, Algeria and Ukraine were its three largest markets.

The company said its exports to Algeria this year is in favorable conditions. Currently, it is the exclusive supplier of some large customers here. In March, the company shipped more than 115MT of frozen Pangasius fillet to this market.

Demand for fish surimi in South Korea is increasing. Export price to this market is high and stable. Gepimex 404 plans to further boost its exports to this market.

In addition to South Korea, Gepimex 404 also exports Pangasius to Ukraine. Export price to this market is rather high. Since March, the company’s export to this market has been soaring.

In the first quarter, the company’s entrusted exports amounted to more than 200MT of fish surimi and frozen Pangasius fillet, mostly to Hong Kong, Croatia, Lebanon and EU.
Source: Vietfish International
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