Vietnam: Snakehead fish prices decreased as farmers made heavy losses

Published 2021년 1월 23일

Tridge summary

Tra Vinh province in Vietnam, which has a snakehead fish farming area of 537 hectares, is facing challenges as the domestic market for the fish is shrinking and prices are decreasing. The industry is also struggling with increasing production costs and oversupply due to the expansion of fish farming areas. The local authorities are advising farmers to diversify their breeds to avoid oversupply and environmental risks, as the current supply exceeds demand and Tra Vinh's snakehead fish does not have a brand for official exports.

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Original content

Tra Vinh province has a total area of snakehead fish farming 537 ha; of which, Tra Cu district is over 375 hectares, accounting for about 70% of the whole province's farming area, with 1,254 households stocked, the total yield is more than 40,000 tons. In recent years, Tra Vinh commercial snakehead fish is only consumed in the domestic market and exported to Cambodia via quota. Therefore, Cambodia does not import snakehead fish, farmers will face difficulties due to the narrowing snakehead consumption market, and the price of snakehead fish continues to decrease. Mr. Nhan Na Ri, Vice Chairman of Tra Cu District People's Committee, said that about 1 year ago, snakehead fish farmers in the district suffered heavy losses because snakehead fish prices were often low and below cost; while the price of food increases by about 10% per year. Currently, the price of commercial snakehead fish is only 27,000 VND / kg (1-1.2 kg / fish). Currently, according to statistics, the whole district ...

Source: Vietnambiz