Thousands of tons of grouper leftover, halving prices are still difficult to sell

Published 2020년 9월 20일

Tridge summary

A supermarket in Nha Trang City, Vietnam, has initiated a campaign to sell grouper at half the regular price, priced at 159,900 VND/kg, in response to a large surplus of the fish due to reduced export opportunities and the impact of Covid-19. The move aims to support local farmers who are currently facing challenges such as oversized fish and low market demand. This campaign is part of a larger effort by seafood chains like Royal Seafoods and companies like Hoang Gia Seafood International Trade to mitigate farmers' losses by increasing consumption and offering lower prices. Although these efforts do not result in profit, they help to alleviate the financial strain on farmers and stimulate demand for grouper.

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

Original content

Facing the large backlog of grouper, a large supermarket in Nha Trang City opened a campaign "rescue Cam Ranh grouper" for 159,900 VND / kg, only half of the previous one. According to the manager of this supermarket, each batch of goods imported about 150 grouper, each weighing from 1.5 to 3 kg. The grouper was checked by the supermarket staff to take the raft in Cam Ranh to inspect and import the goods while still fresh. However, because the purchasing power is quite slow, each batch of goods will be sold for 2-3 days to finish. "Previously, this fish was only sold to restaurants or exported to China, so the price was high, the supermarket did not sell. Now, because Cam Ranh has too much backlog, the supermarket organized a" rescue "to share difficulties for farmers "- said the manager. According to Mr. Le Minh Hai, Head of Economic Department of Cam Ranh City, in the area, the amount of grouper (mainly pearl grouper) is very much in stock in farming areas, with more than 1,000 ...

Source: CafeF