Vietnam: Chinese partners stop buying this long-lasting specialty fish, causes prices to drop to the lowest ever

Published 2021년 6월 26일

Tridge summary

A Vietnamese fish export village is facing challenges as its Chinese partners have ceased purchases, leading to the inability to export 50 tons of halibut and forced returns of bulk shipments. The lack of demand has led to significant financial losses for the traders, with fish prices plummeting from 120,000 VND/kg to 5,000 VND/kg, rendering them unsuitable for human consumption and relegating them to animal feed. This situation is particularly detrimental to the over 4,000 employees in the commune, which relies heavily on fishing, especially the renowned hole-fishing method, a traditional profession passed down for over 300 years.

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Original content

Chairman of the People's Committee of Canh Duong commune (Quang Trach district, Quang Binh province) Dong Quang Vinh said that the local specialty fish export village is facing difficulties because Chinese partners have stopped purchasing, causing shipments to be closed. send bulk returns. Currently, the Canh Duong fishing village cannot export 50 tons of halibut, many traders carry fish to Mong Cai border gate (Quang Ninh) for too long, causing the fish to be damaged, and have to be transported back to Quang Binh to sell at a low price. waste. Vinh said that each kilogram of fish when caught at sea was bought for 120,000 VND/kg, but now only sold at a cheap price of 5,000 VND/kg as animal feed, causing people to lose tens of billions of VND. . Canh Duong Commune currently has 648 boats ...

Source: Danviet