Pangasius prices soar in Vietnam

Published Feb 25, 2022

Tridge summary

The article discusses the current state of the pangasius farming industry in Vietnam, with an emphasis on the challenges and opportunities facing farmers and producers. The price of pangasius has seen a significant increase, but not all farmers are satisfied with the profit margins. There are concerns about the potential for mass stocking leading to oversupply and price drops. The industry has had to navigate the effects of the pandemic on production and supply chains, but there is optimism for growth in 2022, with exports expected to increase by 20-22% and export prices forecasted to rise by about 5%. However, there are also concerns about the high costs and logistical challenges in the industry, as well as the impact of inflation in the US on purchasing power.

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

Original content

Talking on the sidelines of the conference to develop the pangasius industry in 2022 organized by the Ministry of Agriculture and Rural Development in Can Tho on the morning of February 25, Mr. Nguyen Ngoc Hai (O Mon district, Can Tho city) said: "I honestly say that the price of 30,000 VND/kg is still not worthy for pangasius farmers, but that's the market, what if the price drops tomorrow?" As someone who has been farming pangasius for decades, Mr. Nguyen Ngoc Hai confirmed that the price of commercial pangasius is currently at about 30,000 VND/kg, a high increase compared to the past 2 years. At this price, farmers earn about 5,000 VND/kg. However, in fact, the percentage of farmers who are happy is less than 10% because at this time not many people have fish to sell, because of the past time they have to "hang up the pond" or "soak the fish", so it's too old... According to Mr. Hai, the price going up and down is also the law of the market, it may decrease in the future. “The ...

Source: Vietstock