Businesses faces Tra fish material shortages
Businesses are facing shortages of material Tra fish whereas the prices of Tra fish (pangasius) in the Mekong Delta is setting a record high, outstripping VND30,000 VND per kilo, thereby generating high profit to local farmers.
According to Duong Nghia Quoc, Chairman of the Vietnam Pangasius Association has attributed shortages of material Tra fish to a lack of breeding tra fish stocks, noting that there will be limitations in the supply of material Tra fish for exports in 2018 and the prices of exported Tra fish stand high throughout the year.
A representative of a seafood processing firm in Chau Doc city of southern An Giang province says the company needs up to 200 tonnes of Tra fish a day to meet growing export demand but it is suffering from the shortages.
Tra fish exports surged 4% to US$1.8 billion last year with China, the US and the EU still being Vietnam's largest importers, says the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Tra fish prices hit record high amid material shortages The prices of tra fish (pangasius) in the Mekong Delta is hitting a record high, exceeding 30,000 VND per kilogramme, bringing high profits to local farmers