Siam Canadian: Pangasius prices still rising : Dec 15, 2017
Vietnamese farmed pangasius prices prices continue to firm, and supplies are expected to remain short for some time, according to seafood trading firm Siam Canadian Group.
“Over the past week, many pangasius processors and exporters are declining to make new offers, and we are seeing some delays and even cancellations for existing orders to many different destinations from pangasius exporters,” the company said in a market update on Dec 14.
Many farmers are now only selling raw material on a cash basis, as some major processors are experiencing cash flow issues, it added.
Late in November Undercurrent News reported that prices were expected to continue rising into 2018.
They peaked early in September, on limited availability of raw materials, and stabilized for a time at $2.55 per kilogram, delivered to the EU freight-on-board from Ho Chi Minh City.
One EU importer, and a Vietnamese processor and exporter, confirmed that prices had reached $2.70/kg 100% net weight, standard glaze, at the end of November.