Pangasius fish price now reaches VND27,000 a kilogram, the highest peak for the last recent years in the Mekong Delta.
That was announced at a seminar in Can Tho city on Tuesday (March 28 2017)
Stating at the event, Dr. Vo Hung Dung, standing deputy chairman of Vietnam Pangasius Association, said despite the high price, it has been difficult to forecast price movement in the upcoming time.
According to him, the current price hike is because of sharp reduction in fry fish supply after losses in previous years have sent many farms transfer into breeding others. He advised breeders to sell fish amid this high price period.
The Vietnam Pangasius Association reported that farmers in the Mekong Delta bred 739 hectares of the fish and harvested 672 hectares in the first quarter this year with the output of 210,000 tons.
The current high price ensures big profit for farmers however authorized agencies have warned them against spreading farming to avoid risks from price fluctuation.
Pangasius price increase has started since the Tet holiday, creating the longest hike period for the last many years.
(Source: SaiGon GP)