Prices of agro and aqua products soar in Mekong Delta

Prices of many agricultural and aqua products have surged in the Mekong Delta due to insufficient supplies.

Nguyen Van Dao, general director of Go Dang Seafood Joint Stock Company in Tien Giang Province, said on April 21 that the price of tra catfish has set a new record.

Exporters have scrambled to buy the fish at an all-time high price of VND28, 300-28,500 per kilogram, he added.

However, Mr. Dao said, the volume of fish during harvesting was not much. Due to escalating input costs, farmers have not dared to breed more fish.

Due to the severe shortage, catfish exporters have been unable to take the initiative to sign export contracts, except those who have their own farms.

Ca Mau, Bac Lieu and Soc Trang provinces have continued to see a shortage of tiger shrimps, with prices continuing to rise.

These provinces have faced shrimp shortage because of widespread epidemic diseases in shrimps in the region.

One kilogram of shrimps loading about 20 pieces costs VND260,000-265,000 and one kilogram loading 30 pieces of shrimps costs VND190,000-200,000.

In Dong Thap and Tien Giang provinces, traders are boosting the purchase of rice with prices of VND8,200-8,250 per kilogram of five-percent-broken rice and VND8,100-8,150 per kilogram of 15-percent-broken rice.

Merchants have bought long-grain rice from farms at VND6,000 per kilogram and scented-rice at VND6,300 per kilogram.

Purchase of live pigs has also risen sharply in the region.

Besides local merchants who have bought pigs for daily local consumption, merchants from outside have rushed to the Mekong Delta to buy pigs for markets in Ho Chi Minh City and the northern and central provinces.

Tags:

Posted by VBN on Apr 27 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 China Business News

  • Copper up, but demand jitters cap gains
  • Gold prices fall 1 percent, silver was down 0.5 percent at $41.40 an ounce
  • Gold price in Hong Kong opens at 17,440 HK dollars per tael on Wednesday
  • Gold sheds 3 pc in choppiest day in two weeks
  • Appliance retailers eye shopping fest to boost sales
  • Stock break four-day losing streak
  • Swedish auto maker Saab files for bankruptcy protection
  • Chinese tourists to Sri Lanka almost double

Sponsored

Looking for an overseas forex broker?