Vietnam Turns to China for Saving its Basa Industry, but Uncertanties Loom in the Neighboring Market
Vietnam’s basa prices have been on a roller coaster ride in recent years. The previous strong demand used to push prices upward, but now they have plummeted. As local statistics show, farm gate prices have dropped to between VND19,000 and VND20,000 per kg, about VND 2,000 to VND 3,000 per kg lower than average aquaculture costs.
Some farmers complain that the more basa they sell, the more money they lose. According to some media, this dive is mainly a result of the U.S. cutting purchases and ...
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