Western farmers who suffered heavy losses

Prices of raw fish in Mekong Delta still 18000-19000 dong per kilo, down by 2,000 VND per kg compared to the same period last year and lower than the 4000-5000 contract earlier this year, and the lowest in within 5 years. However, consumption is still very low, especially, Chinese traders were absent after the massive purchase of raw fish compete with local plants.

Mr. Nguyen Ngoc Hai, chairman of the fisheries cooperative Thoi An, said: “With this price, farmers losses from 1,000 to 1,500 dong per kilo”.

As businesses, exporting fish products is very slow, while the selling price is lower: 2.1 to 2.2 USD per kilogram for the European market and China; 2.8 to 3 dollars per kilogram for the US market. Mr. Ngo Quang Truong, Director of the South China Sea fisheries Ltd. (Tra Noc Industrial Zone, Can Tho City) said: “The European market and China is quiet due to currency devaluation and lower demand. While export to the United States, shall be 100% inspection of the whole shipment, to ensure the strict rules on technical barriers, it takes more time and costs for businesses. ”

The experts, the export price so low as now also major exporters due to stiff competition wants to win orders have fallen close to the bottom price, the consequent loss of quality, reduced purchase price. Importers should be aware of this as a down payment.

The business forecast, last September, the consumption situation, Vietnam pangasius exports will prosper again when the major market focus for the year-end orders.