Vietnam: Snakehead fish reduced by 5,000 VND/kg

According to information from traders, the purchasing price of snakehead fish at ponds in Tra Cu district, Tra Vinh province is from 30,000-32,000 VND/kg, down 5,000 VND/kg compared to early January 2024; Because at this time, the Cambodian import market was interrupted, mainly domestic consumption led to a situation of oversupply. In addition, this year's Tet consumption market also decreased due to economic difficulties and consumers tightening spending. According to the majority of farmers raising snakehead fish in Dai An commune, Tra Cu district, the average snakehead fish raised for about 5 months reaches a weight of 0.7 - 1.2 kg/fish, the cost of investing in seed and feed is high. Eating about 40,000 VND/kg of commercial fish, at the current selling price, farmers lose about 10,000 VND/kg. Currently, farmers are selling in moderation, waiting for the day of the God of Wealth, hoping that consumers will be strong and prices will increase again. Mr. Huynh Van Thao, Head of ...