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

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 ...