After strongly increasing for a long time, the prices of raw pangasius fish in provinces in the Mekong Delta dropped to around VND23,000-VND25,000 per kilogram, at which farmers were only able to break even.
Pangasius fish price has remained high before the Tet holiday until now, approximating VND28,000-30,000 a kilogram, said Mr. Nguyen Thanh Binh, director of Chau Thanh Seafood Cooperative in Dong Thap province yesterday.
Pangasius fish price reached ten year high swinging about VND28,000 a kilogram in 2017, when businesses saw many challenges from traditional markets such as the US and the EU but wide open opportunities from China and some other markets.
Seafood export value was estimated to top US$700 million in November and reach the highest ever of $7.5 billion during the first 11 months this year, up 18 percent over the same period last year, according to the Ministry of Agriculture and Rural Development.
According to information from a businessman attending global seafood conference in Bali, Indonesia, seafood import market will move toward Asian region comprising Japan, South Korea and China in the near future.