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Some industry insiders said that now the Vietnamese aquaculture farm fish high stock, became the major factor inhibiting prices
.
A Vietnamese market analyst told UCN that the price of pangasius has been like a roller coaster in recent months.
Tangtou prices have risen slightly in March.
Many people believe that the market is recovering quickly, but the stocks in the farms are still high and prices do not seem to rise anymore.
.
For farmers, the situation is not too bad.
The price is stable at VND 21,000/kg, and it is unlikely to rise to VND 25,000/kg in the short term
.
Tangtou prices have risen slightly in March.
Many people believe that the market is recovering quickly, but the stocks in the farms are still high and prices do not seem to rise anymore.
.
For farmers, the situation is not too bad.
The price is stable at VND 21,000/kg, and it is unlikely to rise to VND 25,000/kg in the short term
.
"Many farmers have reduced the amount of feed and waited for the price to rise
.
This also means that at this point in time, more than half of the pangasius in the farms have reached the finished product specifications
.
" He said
.
.
This also means that at this point in time, more than half of the pangasius in the farms have reached the finished product specifications
.
" He said
.
"From a market point of view, the prospects are not optimistic
.
Prices have not increased, and production will soon rise again.
Considering the periodicity of
pangasius farming, it is difficult to solve the supply-side problem within shortages .
" He also pointed out the problem of pangasius inventory in Vietnam.
There are two aspects to energy: First, many people have predicted that the market will return strongly after the epidemic , and the peak production season will arrive earlier; second, affected by the epidemic, the pangasius breeding cycle has been disrupted, and some farms still have a batch of 2020 Year's stock
.
.
Prices have not increased, and production will soon rise again.
Considering the periodicity of
pangasius farming, it is difficult to solve the supply-side problem within shortages .
" He also pointed out the problem of pangasius inventory in Vietnam.
There are two aspects to energy: First, many people have predicted that the market will return strongly after the epidemic , and the peak production season will arrive earlier; second, affected by the epidemic, the pangasius breeding cycle has been disrupted, and some farms still have a batch of 2020 Year's stock
.
"After the Spring Festival, the Chinese market returned and the import volume was relatively stable, which played a certain role in supporting the price
.
Now the weekly export volume is basically the same as in the same period in 2019, but the price is low
.
" He added
.
.
Now the weekly export volume is basically the same as in the same period in 2019, but the price is low
.
" He added
.
However, Vinh Hoan Corporation (Vinh Hoan Corporation), Vietnam's largest pangasius exporter, holds a different view
.
Yonghuan Group CEO Tam Nguyen told UCN that the price of raw materials rose again at the end of May, and the supply of some specifications began to be in short supply.
Customers who need to speed up the logistics have to pay a premium for container ships
.
.
Yonghuan Group CEO Tam Nguyen told UCN that the price of raw materials rose again at the end of May, and the supply of some specifications began to be in short supply.
Customers who need to speed up the logistics have to pay a premium for container ships
.
Since May, the new crown epidemic in Vietnam has begun to rebound, and the price of exports to the US market has increased.
The imbalance between supply and demand has once again been magnified due to increased freight costs and shortage of container capacity
.
The imbalance between supply and demand has once again been magnified due to increased freight costs and shortage of container capacity
.
Bob Noster, sales and procurement director of Seattle Shrimp & Seafood Co, an American importer, said that pangasius demand was strong in March and April, but many orders were delayed.
Some processing plants increased the purchase price (VND 22,500/kg) to ensure the timely supply of raw materials.
The quotation for delivery in July (US West Coast) also rose to $1.
80/lb, and the East Coast quotation was $1.
95/lb
.
Some processing plants increased the purchase price (VND 22,500/kg) to ensure the timely supply of raw materials.
The quotation for delivery in July (US West Coast) also rose to $1.
80/lb, and the East Coast quotation was $1.
95/lb
.
In addition, Noster pointed out that the price of pangasius feed has risen, forcing some farmers to reduce feeding and even postpone the fry release cycle.
It is expected that the raw material supply in June and July may not be able to meet the current order demand
.
It is expected that the raw material supply in June and July may not be able to meet the current order demand
.
