Pangasius prices hike with surge in demand

The price of first grade pangasius fish rose suddenly on Feb. 5 to VND26,000-27,000 per kilogram in the Mekong Delta provinces, raising profits to VND3,000-4,000 per kg for local breeders.

Farmers harvest pangasius fish in Mekong Delta.

According to seafood processors, importers around the world have increased orders for pangasius fillet recently, and with supply not being able to meet demand there is now a surge in pangasius prices.

The Vietnam Association of Seafood Exporters and Producers said that although local firms faced many difficulties last year, pangasius exports still reached US$1.8 billion, up by 26.5 per cent compared to 2010. This year, the association is targeting $2 billion from exports.

In related news, fishermen in Vinh Linh and Gio Linh Districts of Quang Tri Province enjoyed one of the best Babylon snail seasons this past week. One boat with two or three fishermen brought in an average of 50-70 kilograms of Babylon snails in just two days out at sea, with some even bringing in 150-200 kilograms. One fisherman is expecting to earn VND2-3 million per day, after expenses.

By N.Duy, L.Ngoc – Translated by Thuy Doan

Other news

Most view

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

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

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

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.