Tilapia prices inch up in China as processing plants increase their purchase price
SEAFOODNEWS.COM [Shuichan News] Translated by Amy Zhong - Sept. 11, 2014
With the processing plants increasing their purchase prices, the tilapia price will rise slightly in the short term. The farm gate price is 3.9 yuan/jin (1jin = 0.5 kilo) for the tilapias weighing between 0.6 jin to 1 jin each in the west area of Guangdong on August 28, 2014, while the farm gate price is 4.9 yuan/jin for those of about 1 jin to 1.6 jin. The farm gate prices have stayed stable compared with those of last month, while the processing plants’ purchase prices are all 0.1 yuan/jin higher than those farm gate prices.
In the beginning of August, the insiders were generally pessimistic (from the farmers point of view) about the tilapia market...
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