Vietnam's pangasius price to the highest level in three years

Mr. Tuan, a fish-raising household in Tan Hong district (Dong Thap), is preparing to sell two fish tanks of more than 1,000 tons. This is a type of fish weighing over one kilogram that he sells to the Chinese market for 30,000 VND/kg., With a price of 25,000 VND/kg, he will make a profit of 5 billion VND for this crop. "The loss for three years in a row, now I can get it back to some extent," Mr. Tuan said., For fish weighing 0.7 - 1 kg exported to the US market, businesses are purchasing for 32,000 VND, up from 6,000 to 8,000 VND compared to before Tet., Explaining the high price of pangasius, many farmers believe that the supply is scarce when many households quit farming due to continuous losses and capital cuts. The price of fish has increased, but Mr. Tuan is worried about the next crop when the price of feed is increasing 40%, to 14,000 VND/kg. The fingerlings also doubled, to 60,000 VND per kg. After 10 months of farming, the cost per kg of fish is about 27,000 VND. If in ...