The price of pangasius in Vietnam has soared to a three-year high! Industry opportunities and risks coexist

Published 2025년 3월 10일

Tridge summary

Record high pangasius prices in Vietnam's Mekong Delta region in early March 2025, reaching a three-year peak, have led to increased profits for farmers and indicators of an improving global pangasius market. This surge is reflected in the substantial growth in Vietnam's pangasius exports, which totaled US$1.46 billion from January to September 2024, marking an 8% increase in value and a 12% rise in volume year-over-year. This growth is underpinned by a robust demand in various countries, including the United States, Brazil, and the European Union, which compensates for the production decline in Indonesia due to the El Niño phenomenon. Despite the positive outlook, the industry faces challenges such as rising input costs, unpredictable raw material prices, and uncertainties in US trade policies, prompting cautious expansion and strategic focus on processing technologies and value-added products to ensure market competitiveness and sustainability in the face of potential price fluctuations.

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

Original content

Vietnamese pangasius prices hit record highs As of early March 2025, the purchase price of pangasius at the pond in the Mekong Delta region of Vietnam has risen sharply. · Size 1000g/tail or more: 32,000-33,000 VND/kg (depending on payment method), equivalent to about 1.26-1.30 US dollars/kg · Size below 1000g/tail: 31,500 VND/kg, equivalent to about 1.24 US dollars/kg This price hit a record high in the past three years, bringing the profit of farmers to 3,500-4,000 VND/kg (about 0.14-0.16 USD/kg), reversing the loss situation caused by the previous industry downturn. The global pangasius market continues to heat up, and Vietnam's exports are outstanding According to the 2024 Global Fisheries Market Report of the Food and Agriculture Organization of the United Nations (FAO), the global pangasius market demand has rebounded, driving export growth. According to the data of the Vietnam Association of Aquatic Exporters and Producers (VASEP), from January to September 2024, ...

Source: Foodmate