The price of a fish species in China increased to the highest in 10 years, reaching 430,000 VND/kg, farmers massively stocked seeds.

Published 2024년 6월 17일

Tridge summary

Tilapia prices in China have surged to their highest levels since at least 2015 due to strong demand and a shortage of large fish, according to the Vietnam Association of Seafood Exporters and Producers. This price increase has led to significant profits for farmers, encouraging many to return to the industry. Hatcheries in Hainan and Guangdong have seen substantial growth in fingerling sales, with expectations of further peaks in stocking during July and August. Despite weather-related production challenges, supply is anticipated to rise in the latter half of 2024. Experts predict that while prices will stay high due to ongoing demand, they will eventually adjust as production increases.

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

Original content

The Vietnam Association of Seafood Exporters and Producers, citing Undercurrentnews, shows that the lagoon price for tilapia over 500 grams is still at 11.60 yuan/kg (1.60 USD/kg) in Quang province. East and 11.20 CNY/kg in Hainan (China). This is the highest level since at least 2015. Farmers in China can currently earn an estimated profit of more than 2.6 yuan/kg at a price of over 12 yuan/kg. Many farmers who abandoned the industry last year have returned to tilapia breeding. The high prices are due to strong demand and especially the severe shortage of large fish this winter. Hatcheries in Hainan province reported a 10% increase in fingerling sales compared to 2023. In Guangdong, the year-on-year increase exceeded 30%. The three southern coastal provinces of Hainan, Guangdong and Guangxi account for 80% of China's tilapia production. Liu Zhili, general manager of Hainan Gengift Aqua-Technology, the second largest supplier of tilapia fingerlings in the region, said that several ...

Source: Danviet