Vietnam: The price of fish raised in rafts is high, Tien Giang fishermen are still afraid to restock because prices of food has skyrocketed

Published 2024년 6월 12일

Tridge summary

Fishermen in Tien Giang province, Vietnam, are experiencing record profits from raising red tilapia due to high sale prices, the highest in the past two years. The province, with over 1,600 cages, has seen minimal damage from saltwater intrusion and a total harvest of 10,000-12,000 tons annually. However, the cost of aquatic feed has increased, leading some farmers to switch to other fish species to reduce costs. Despite the current profitability, the high feed costs have made some farmers hesitant to re-stock, especially with the significant cost of feed accounting for a third of the total capital.

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

Original content

Currently, fishermen raise red tilapia following the raft farming model and sell it for 46,000 - 49,000 VND/kg (depending on size), an increase of nearly 10,000 VND/kg compared to last month. This is the highest price in the past 2 years, with this price minus all costs, fishermen have a profit of over 6,000 VND/kg. It is worth mentioning that most of the fish rafts on the river in Tien Giang province recently were not damaged by saltwater intrusion, and the loss rate was low. The entire Tien Giang province has a river raft fish farming model with more than 1,600 cages, mainly red tilapia; in which there are 851 cages in Cai Be district, City. My Tho has 685 cages, Cai Lay district has 90 cages, Chau Thanh district has 28 cages... The average annual fish harvest is from 10,000 - 12,000 tons. Although the price of fish raised in rafts is high, the price of aquatic feed has also increased, so Tien Giang fishermen are reluctant to re-stock red tilapia fish under cages, but tend to ...

Source: Vov