Vietnam: Fish bladder prices soar

Published 2024년 9월 22일

Tridge summary

The article highlights the significant increase in the retail price of fish maws, with basa and tra fish maws priced at VND1.6 million/kg and barramundi maws ranging from VND3 to VND5 million/kg. This price hike is largely due to a surging demand from China, which accounts for 90% of one dried fish maw production enterprise's exports, leading to a 30% increase in export turnover year-over-year. Fish maws are valued for their nutrition and are often given as gifts, symbolizing wealth and prosperity. The cost can reach up to 7,700 USD/kg in Hong Kong, underlining the demand and value these products hold in the market, especially in China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The retail price of basa and tra fish maws is VND1.6 million/kg, while the price of barramundi maws ranges from VND3 to VND5 million/kg. Explaining the high price of fish maws, traders and businesses said it was due to the strong increase in demand from China. The director of a dried fish maw production enterprise in An Giang informed that 90% of their products are exported to China, the rest are sold to Thailand. In the first six months of the year, demand from China increased, the enterprise's export turnover increased by 30% compared to the same period last year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), fish maws are not only a ...

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