Chinese Basa Producers Focus on Strong Domestic Market, See Positive Signs for 2019
This has been a great year for China’s basa industry. Now its farming and processing have been coming to an end, while the products are still sold at high prices. And according to initial estimates, China has raised about 25,000 to 30,000 tons of basa this year, and it has over 20 processing plants. Currently the plants in Guangdong and Guangxi have run out of raw materials and have to buy from Hainan.
Their farm gate price is 4.5 yuan/jin (1 jin=0.5 kilo) in Hainan, while they are sold at about 4.8 yuan/jin to 4.9 yuan/jin in others and even as high as 5 yuan/jin at some point...
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