Increased demand in the Chinese market drives up prices of Vietnamese pangasius

Published 2024년 12월 20일

Tridge summary

In November to early December of 2024, Vietnam witnessed a significant surge in pangasius farm prices, with both fry and adult fish reaching their annual highs. This increase is attributed to a combination of heightened market demand and challenges in supply, including a 40%-50% decrease in fish eggs and a low survival rate of fry due to lower water temperatures. The price hike is particularly noticeable in the adult fish category, with sizes exceeding 1.2 kg commanding over 30,000 VND (about 1.18 USD) per kg for the first time since 2023. Despite a slowdown in trading volume due to raw material supply constraints, strong export market demand, especially from China for the Spring Festival, has offset an 8% monthly drop in Vietnam's overall pangasius harvest to 120,000 tons in November. Meanwhile, international prices for pangasius fillets have risen for the EU market and remained stable for the US market, reflecting varied demand dynamics in these regions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From November to early December 2024, the farm price of pangasius in Vietnam continued to rise. The latest data shows that the prices of pangasius fry and adult fish have reached annual highs, reflecting the profound changes in the market demand and supply dynamics. According to the data, in the 49th week of 2024 (December 2-8), the price of pangasius fry in Vietnam soared to 31,925 VND (about US$1.26) per kilogram, the highest level since the 15th week of 2023. This trend is partly due to the significant decline in the survival rate of fry. Data shows that the survival rate of fry in each breeding pond is only 15%-20%, among which the mortality rate of fry aged 25 to 30 days is particularly significant. In addition, the number of fish eggs decreased by 40%-50% month-on-month, mainly affected by the lower water temperature, further limiting the supply of fry. In the adult fish market, pangasius weighing more than 1.2 kg is in The price in week 49 exceeded 30,000 VND (about 1.18 ...

Source: Foodmate