Key Insight: In Week 28 of 2025 (July 7-13), tilapia prices in southern China appeared stable on the surface, but industry insiders warn of persistent downward market risks. Although ex-factory prices for 500-800 gram tilapia remained unchanged in the main production areas of Guangdong and Hainan, the stable facade masks a reality of sharply reduced orders, stagnant exports, and low market confidence.