“The industry has been contracting,” David Harvey, agricultural economist for the US Food and Drug Administration told IntraFish. Statistics show that catfish feed purchases have been consistently declining for the past five years, he said.
The high cost of feed and imports of cheaper catfish and similar species from Asia are making it difficult for catfish farmers to stay competitive, Lowery Aquafarms owner Joey Lowery told IntraFish.
Imports of catfish have grown dramatically in the last eight or nine years, he said.
Over the past year, the National Marine Fisheries Service Office of International Trade reports that Catfish varieties shipped from China to the United States have increased dramatically as well.
As of January, imports of the catfish species ictalurus from China had risen from 585,536 kilograms last year to 857,877 kilograms this year, while imports of pangasius had increased from 968,769 kilograms to 1,499,765 kilograms.
Feed is largely soybean-based, and that helps explain why prices for feed are higher, said Lowrey.
At $13.80 a bushel as of April 30, prices for soybeans were up $0.70 over the previous year. That is more than double the $5.61 price per bushel between 1990 and 1992, according to the US Department of Agriculture.
“Some of these guys got into catfish as a way to make money years ago, and now they’re looking at it as ‘I could just grow soybeans on my land,” Garvey said.
The high cost of feed is compounded by the consistently lower labor costs in China, Lowery said.
“I’ve been in the business 26 years, and I would say feed costs have doubled,” Lowery said.
Lower standards in China make it easier for Chinese producers to keep costs down, which gives them an unfair advantage over US producers, Lowery said.
“From a trade standpoint and from a production standpoint, just about any way you look at it, we’re not on a level playing field. Only two percent of seafood is inspected coming into the country. Less than 1 percent is inspected for chemicals,” Lowery said.
If the price of feed starts to decrease, US farmers will have a better chance to compete, Herarvey said.
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
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