Vietnam: Red tilapia price hits record high

For over a month, the price of tilapia and red tilapia in the Mekong Delta has been increasing sharply. In particular, in An Giang - the capital of tilapia, traders have rushed to buy at very high prices. Mr. Xuan Son, a fish farmer in An Giang, said he had just sold 10 tons of tilapia for 50,000 VND per kilogram - the highest price ever. He said he earned half a billion VND from this crop, and after deducting expenses, he made a profit of about 120 million VND. Mr. Hanh, a nearby pond owner, regretted selling more than ten tons of salmon in June for 43,000 VND per kilogram. "Now traders pay 50,000-51,000 VND per kilogram but I have no more to sell," he said. According to VnExpress, the price of red tilapia and tilapia in many areas in the Mekong Delta is increasing, ranging from 49,000 VND to 53,000 VND per kg. With this price, farmers earn a profit of 9,000-11,000 VND per kg. According to a report by the Department of Agriculture and Rural Development of An Giang, the price ...