Core tip: In the 32nd week of 2025 (August 4th to 10th), after more than a month of continuous decline, the ex-factory price of Chinese tilapia finally showed signs of stopping its fall at the tail end of the harvest season. Although prices in some major producing areas have slightly rebounded, demand in the U.S. market remains sluggish, and exporters generally report that it is still very difficult to drive orders.