In Vietnam, snakehead fish prices increase, farmers make big profits

Published 2023년 4월 27일

Tridge summary

Tra Cu district in Tra Vinh province is a major hub for snakehead fish farming, with nearly 450 hectares of ponds and over 1,500 farmers involved. The district accounts for approximately 80% of the province's commercial snakehead fish production, which is around 46,000 tons annually. The cost of raising snakehead fish is approximately 30,000 VND/kg, with a profit of 20,000 VND/kg, resulting in a profit of about 50 million VND per 1,000 square meters of water surface. Due to a decrease in supply and an increase in demand, snakehead fish prices have surged in the last two months. In response, farmers have started to adopt a strategy of spreading out harvests and raising fish to avoid price drops due to oversupply. The Department of Agriculture and Rural Development of Tra Cu district is advocating for a safe farming system, environmental protection, investment in backup ponds for seed release, and selective harvesting to achieve higher prices.

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Original content

Tra Cu district (Tra Vinh) has an area of nearly 450ha of snakehead ponds, with more than 1,500 households stocking it. The average production of snakehead fish per year is more than 46 thousand tons, accounting for 80% of the total production of commercial snakehead fish raised in the province. According to the majority of snakehead farming households in Dai An commune (Tra Cu district), snakehead fish raised in about 5 months will gain weight from 0.7 - 1.2 kg/head, with the investment cost of seed and feed about approx. 30 thousand VND/kg of commercial fish. After deducting all costs, the farmer made a net profit of 20 thousand VND/kg of commercial fish, the farmer made a profit of about 50 million VND/1,000m2 of water surface. Mr. Huynh Van Thao, Head of Agriculture and Rural Development Department of Tra Cu district, said that snakehead fish prices have increased sharply in the last 2 months due to the low supply compared to market demand. Along with that, farmers have ...

Source: Agriculture