Taiwanese milkfish prices hit a new high

Published Sep 6, 2022

Tridge summary

The price of milkfish in Taiwan has reached a record high of 75 yuan per catty, due to a reduction in breeding areas and increased production costs. This is causing financial strain for consumers and leading to the closure of food stalls. Experts believe that the high price is due to insufficient supply, caused by the conversion of fish farms into fishery and electricity symbiosis, and the impact of abnormal weather. There are concerns that the high price may lead to the import of lower quality milkfish from Indonesia, replacing domestic fish. The government, industry, and academia are called upon to address these issues.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the past, milkfish was considered to be a cheap food for the people, especially for Tainan people. But the price of milkfish in the past two years has been like a roller coaster. The fishermen said that last year, the price of milkfish fell to less than 30 yuan per catty, but this year it has appeared. The sky-high price of 75 yuan has hit a record high. Although it has dropped to 50 yuan recently, the price of milkfish meals on the market has not returned. The famous old salty porridge shop in Tainan has recently raised the price sharply, from 200 yuan in one go. At 260 yuan, consumers have been talking about it. Milkfish are on the rise. In addition to shrinking consumers’ wallets, some food stalls have closed their price lists and simply don’t sell milkfish. Some experts believe that too much fish and electricity symbiosis has been done, and the breeding area has been greatly reduced by 1,000 hectares. The price increase is also related, and some fishermen say that the ...

Source: Newsmarket