Tridge summary
The article highlights a significant increase in the price of pangasius fish and fingerlings in Vietnam, with the price of raw pangasius meat reaching 29,000-30,000 VND/kg, an increase of about 8,000-9,000 VND/kg compared to the same period last year. This price hike is attributed to mass fish deaths and decreased breeding due to the COVID-19 pandemic, leading to a supply shortage, and increased demand for pangasius in the US and other markets. The Vietnam Pangasius Association is cautious about the potential for price crashes due to overproduction and suggests controlling new stocking. In 2021, the pangasius industry saw a significant growth, with exports surpassing 1.6 billion USD, despite challenges from the pandemic. The industry aims to expand farming areas and increase output in 2022, targeting over 1.7 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ms. Dao Thuy Phuong (O Mon district, Can Tho city) said that more than 2 weeks ago, she sold fish ponds for 39,000 VND/kg (35 fish/kg). According to Ms. Phuong, the price of fish started to rise around December 10 of the year of the Tan Ox (ie, January 10, 2022). On December 25, she also sold a batch of fingerlings for 35,500 VND/kg. If counting from September last year until now, the price of pangasius fingerlings has increased from 15,000-17,000 VND/kg. With the current price of 37,000-40,000 VND/kg (30-35 fish/kg), fish breeders earn about 15,000-17,000 VND/kg. Not only fingerlings, the price of pangasius meat also skyrocketed. According to a farming household in Dong Thap, the price of raw pangasius has increased to 29,000-30,000 VND/kg in recent days, an increase of about 5,000 VND/kg compared to about 1 month ago and about 8,000-9,000 VND/kg compared with the same period last year. Mr. Chuong Van Khanh (Tan Loc Ward, Thot Not District, Can Tho City) said that the price of ...
Source: Vietstock
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.