Vietnam: Large-sized pangasius fillet prices rise as demand surges in China and the Middle East

Published 2024년 8월 25일

Tridge summary

The demand for large-sized pangasius fillets in China and the Middle East has led to a price increase for pangasius fish in Vietnam. These markets prefer large-sized fillets due to higher processing yields. As a result, the price of large-sized pangasius is around 500 VND (US$0.02) per kilogram higher than small-sized fish. However, there are concerns about a potential raw material supply shortage later in the year. Additionally, rising transportation costs are also impacting pangasius prices, which may have long-term effects on the global supply chain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recently, the demand for large-sized pangasius fillets from China and the Middle East has increased significantly, and this trend has driven up the price of pangasius fish in Vietnam. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), since the beginning of July, these markets have shown a strong desire to buy pangasius fillets of more than 300 grams, causing prices of large pangasius fish weighing more than 1 kilogram to rise. rising. It is understood that large-sized pangasius fillets are more popular in these markets because they can provide higher yields during processing. Generally, a 1kg pangasius can be processed into about 270g of fillets, which makes Large-sized pangasius has become the first choice for the Chinese and Middle Eastern markets. Affected by this, the pond price of large-sized pangasius is about 500 VND (approximately US$0.02) per kilogram higher than that of small-sized fish, and there is a tight supply in the market. However, ...
Source: Foodmate

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