HANOI, Feb. 5 (Xinhua) -- The price of Vietnam's exported pangasius reported a record high since 2022, largely due to limited supply, Vietnam News Agency cited the Vietnam Association of Seafood Exporters and Producers on Wednesday.
Larger pangasius weighing over 1.2 kg are selling at 32,440 Vietnamese dong (1.29 U.S. dollars) per kg, the highest price since 2022.
The scarcity is primarily driven by the fact that, as of late December 2024, only around 5 percent of the total stock comprises fish weighing more than 1.2 kg, while those in the 800 g-to-1 kg range account for 37 percent.
Heightened demand from China, especially during the Chinese New Year, and slower growth rates during the cold December weather have contributed to the supply shortage.
These pricing trends have raised the country's pangasius export revenue in the first month of 2025 to 209 million dollars, up 27 percent from the same period of the previous year, said the association. ■
