Tra fish industry facing dangerous situation, warn expertsThe domestic tra fish industry is facing a boom in the development of production at present, according to experts and enterprises. With such prices, farmers have earned a profit of VND4,000 per kilo from rearing tra fish and VND40,000 per kilo from developing tra fish varieties. Duong Nghia Quoc, chairman of the Viet Nam Tra Fish Association, said the current demand for tra fish is estimated to reach 1.2 million tonnes per year, while demand for tra fish varieties is expected to reach a maximum of 2-2.5 billion units per year. Farmers in many regions, especially in the provinces of Long An and Dong Thap, are promoting the production of tra fish varieties, which would push the tra fish industry into a situation of oversupply, Quoc said. Meanwhile, local tra fish exporters are concerned about how much the US Department of Commerce will increase the anti-dumping tariff in the 14th administrative review for Vietnamese tra fish, he said.

Source: VietNamNet News May 11, 2018 01:52 UTC