Vietnam: Eel prices are low, farmers are at risk of heavy losses

About 4 years ago, the mud-free eel farming model in Hau Giang province had very high economic efficiency. With 1,000 eels after 8 months of farming using this model, when harvesting, minus costs, the farmer can earn more than 20 million VND. However, in recent years, the model of raising eels without mud in canvas and cement tanks has developed strongly in this province. Because it does not require too complicated techniques, it is suitable for many people, including poor households and households. little productive land. The rapid development of mud-free eel farming leads to oversupply, while food prices are increasing, causing farmers to incur additional costs, while commercial eel prices are low. Many eel farmers in Hau Giang province said that type 1 eel is currently purchased by traders at a price of 84,000 VND/kg, while type 2 eel is priced at 80,000 VND/kg, while the price of food is increasing to nearly 700,000 ...