Diesel price hike hits fishing in Ca Mau

Many fishermen in the southernmost province of Ca Mau have stopped going out to sea after diesel prices were hiked by a whopping 40 percent this month.
Since the beginning of May Song Doc fishing port in Tran Van Thoi Commune, one of the biggest in the Mekong Delta region, usually bustling and noisy, has been quiet.

Many boats remain beached.

Ho Thuy Mai, owner of Quoc Nam fish trading center, said she can buy only six tons of fish a day compared to the normal 10 tons.

She buys small fish to sell to fish powder and sausage manufacturing plants.

A manager at Song Doc port said the total catch arriving at the port has fallen from 100 tons a day before the diesel price hike to just 70 tons now, and this is likely to fall further.

Chien, who runs an icehouse, said his plant only sold 300 slabs a day last week compared to 2000-3000 normally.

But Truong Quoc Binh, chairman of the Camau Association of Seafood Producers and Exporters, said the price of fish cannot be based on diesel prices. – Tuoitre

Tags:

Posted by VBN on May 10 2011. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS Singapore Business News

  • House price growth continues to slow: URA
  • Singapore shares surge 2% on Europe hopes
  • Property prices up marginally in September: NUS
  • 60 companies lauded at SME1 Asia Awards
  • MAS lifts penalty on DBS bank for network glitch
  • SMRT Q2 net profit down 25.6%

RSS India Business News

  • Nifty ends 160 pts up; Hindalco, DLF, JP Asso surge
  • Sensex posts best weekly gain in almost two months
  • Gold eases from 1-month high on global cues, rupee
  • Gold regains Rs 28000-mark, silver up by Rs 2,300
  • Oil down below $93, pausing October’s 24% rally
  • SBI expects 100-125 basis points rise in savings bank fund costs

RSS Malaysia Business News

  • AirAsia X registered strong growth in Q3
  • Pharmaniaga in Mid-East JV deal
  • Faber hospital concession extended
  • CPO extends uptrend on better sentiments
  • Which player can steal more eyeballs in pay-TV market?
  • YTL Comms is the frontrunner for the RM1.5bil 1Bestarinet to wire up schools

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.