December 6, 2013
Vietnam's Cho Moi Fishery forecasts 60% reduction in 2014 pangasius output
Vietnam's Cho Moi Fishery Cooperative predicts a 60% cut in pangasius production in 2014 as the industry is presently facing difficulties due to financial troubles and high feed costs while there was no rise in raw fish price.
The first-grade pangasius stood at VND23,000 (US$1.10) per kilogramme.
The Cooperative has farmed pangasius on the area of 13 hectares for total production of 5,000 tonnes of raw fish through October 2013.
In the coming months of the year, the Cooperative continued to breed small fishes to reach the commercial size in order to harvest them in 2014. Due to cold weather, pangasius is growing slowly.
The harvested fish was sold to processors in An Giang and Dong Thap provinces.