Increased demand in the Chinese market drives up prices of Vietnamese pangasius

From November to early December 2024, the farm price of pangasius in Vietnam continued to rise. The latest data shows that the prices of pangasius fry and adult fish have reached annual highs, reflecting the profound changes in the market demand and supply dynamics. According to the data, in the 49th week of 2024 (December 2-8), the price of pangasius fry in Vietnam soared to 31,925 VND (about US$1.26) per kilogram, the highest level since the 15th week of 2023. This trend is partly due to the significant decline in the survival rate of fry. Data shows that the survival rate of fry in each breeding pond is only 15%-20%, among which the mortality rate of fry aged 25 to 30 days is particularly significant. In addition, the number of fish eggs decreased by 40%-50% month-on-month, mainly affected by the lower water temperature, further limiting the supply of fry. In the adult fish market, pangasius weighing more than 1.2 kg is in The price in week 49 exceeded 30,000 VND (about 1.18 ...