China Processing Plant Buy Tilapia at Low Prices; Consumer Demand Increases Retail Prices
Chinese processing plants’ tilapia buying prices have hit the lowest level within the past five years in August. For example, in western Guangdong and Hainan, their purchase price dropped by about 0.4 yuan/jin (1 jin=0.5 kg; $0.06/jin USD) compared with last August. Due to hot weather and typhoons, farmers are eager to sell, but processing plants are not that willing to buy. The plants prefer large tilapia...
To Read Full Story Login Below.