Pangasius fish price increases in Mekong Delta

Pangasius fish price has been moving up in the Mekong Delta since the Tet holiday. On Tuesday, businesses paid VND23,000-26,000 a kilogram, up VND1,000-3,000 compared to the price before the holiday.

Farmers harvest Pangasius fish in the Mekong Delta (Photo: SGGP)

With this price, farmers earn a profit of VND3,000-5,000 a kilogram. It is considered as the longest price increase lasting for three consecutive months in the region.

According to local experts, the price increase has been due to good signals in the world market. Despite the price hike, there is not much mature fish left in farms for sale. Processing plants have operated at only 40-60 percent of their capacity because of material shortage.

The price increase surged young fish demand with price rocketing to VND60,000 a kilogram, double the level in previous years. However supply had been able to meet 30-50 percent of demand, experts said.

According to Vietnam Pangasius Association, Pangasius fish farming area in the delta reduced over 3,400 hectares last year, output topped one million tons and export turnover went up 9.6 percent to reach US$1.7 billion.

About 200 Vietnamese businesses have exported products of the fish to 138 markets in the world. The strongest consumption markets comprise the US, the EU, China and ASEAN.

By Cao Phong – Translated by Hai Mien

Other news

Most view

Cao Lanh mango (Source: Internet)

Dong Thap strives to turn mango into key export product

The Mekong Delta province of Dong Thap, the largest mango producer in the region with 9,200 hectares of mangos and a annual output of nearly 100,000 tonnes, is working to turn mango into a sustainable hard currency earner by 2020.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.