Vietnam: In Thai Binh, tons of perch are oversized; farmers sell them as if they were throwing rocks

Published 2021년 8월 6일

Tridge summary

Vietnamese farmers are facing significant losses due to the combination of falling perch prices and rising feed costs, exacerbated by the Covid-19 pandemic. The pandemic has led to a decrease in demand, resulting in perch prices plummeting by over 50%. Meanwhile, the cost of feed, bran, has surged, putting a strain on farmers. Some farmers are unable to sell their fish and are forced to feed them less to limit losses, leading to undernourishment and potential mass fish death. The situation is critical, with farmers facing financial ruin and no immediate solutions in sight.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Nguyen Binh Trieu in hamlet 8, Minh Phu commune, Dong Hung district (Thai Binh) lamented that the perch "eats leopard", while the price of bran continuously increases, causing many households to raise perch like his family. like sitting on a fire. For many months now, hundreds of tons of perch have remained motionless in the pond. This school of oversized fish is also about to equal the time to raise a new batch of fish, making farmers cry silently, because they are burdened with a debt of loan money and feed. According to the perch farming households here, since the Covid-19 epidemic broke out again, the price of perch has "evaporated" by more than half compared to previous times. Currently, the price of perch is extremely low, only fluctuating at more than 20,000 VND/kg. The perch has been kept wet for many months, pushing hundreds of perch farming households in Thai Binh province into a situation of heavy losses and economic exhaustion. Even many households do not have ...
Source: Danviet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.