Aquaculture for all

Tra Fish Farmers Selling at a Loss

Economics +1 more

VIET NAM - Farmers in the Cuu Long (Mekong) Delta River provinces have exported 287,000 tonnes of tra fish worth US$862 million since early this year, equivalent in volume to the amount of fish exported in 2011, but profits have been hit by falling prices.

Lucy Towers thumbnail

The regional Steering Committee for Tra Fish Production and Consumption said the fish price had fallen by US$0.1-0.2 per kg in comparison with 2011, reports VNS.

Last April, tra catfish were fetching VND27,000-VND28,000 per kilo. Farmers are now selling their fish for VND19,500-VND20,000 per kilo. Meanwhile, the cost price of producing tra for export is estimated at VND23,000 to VND25,000 per kilo.

Deputy Chairman of Viet Nam Association of Seafood Exporters and Producers Duong Ngoc Minh blamed falling prices on tightened bank lending and high interest rates, which have forced farmers to sell at a loss.

The Delta region has nearly 3,900 ha of tra fish farms, a reduction of about 20 per cent compared with the same period last year, causing many tra fish processing factories to cut production.

The committee said Delta provinces would help to alleviate the financial difficulties incurred by fish farmers. Meanwhile, supervision would be stepped up to ensure quality, prevent disease and reduce environmental pollution, he said.

The region's main export markets are Europe, Southeast Asia and the US. Exports meanwhile to eastern Europe and Mediterranean countries have been expanding.

Create an account now to keep reading

It'll only take a second and we'll take you right back to what you were reading. The best part? It's free.

Already have an account? Sign in here