“The strikes are going to cause havoc,” a seafood industry executive tells IntraFish.

The US imports as much as 260,000 metric tons of seafood worth $21.1 billion monthly, much of it arriving in the more than 14 ports that have shut down

Vietnam shipped more than 83,000 metric tons (MT) of pangasius to global markets in May, a 46 percent rise year over year and an 8 percent increase over April 2024.

In the first four months of the year, US imports of frozen pangasius fillets climbed 29 percent.

Prices also dipped in Ecuador and India, according to price data tracked by Undercurrent News

The main markets for Vietnamese pangasius are slow and stable, which is largely being seen as a good thing after a tough 2023

Siam Canadian’s Gulkin: US shrimp market slowly moving again, duties won’t be big factor

“It remains to be seen whether this strength continues into the spring. Time will tell.”

Vietnam’s vannamei and black tiger shrimp exports leaped y-o-y in January, though this was more down to Tet occurring in January 2023; sources predict a tough and volatile H1 2024