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Tuesday, February 11, 2025

Tra fish prices surge amid tight supply

By Nam Nguyen

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HCMC – Prices of Vietnam’s tra fish have soared since the beginning of this year, driven by limited supply, particularly for larger-sized fish.

As of early February, tra fish weighing over 1.2 kg has reached VND32,440 per kg, the highest level since 2022.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), citing Undercurrent News, farm-gate prices have risen sharply due to supply constraints. The upward trend, which began in late 2024, has continued into early 2025, pushing prices to a three-year high.

Larger fish, which are preferred in the Chinese market, have seen the most notable price hikes, while smaller fish are typically processed into fillets for export to the EU and the U.S.

A shortage of larger-sized fish has been a key factor in the price surge. As of December 2024, fish weighing between 800g and 1kg accounted for 37% of total stocks, while those over 1kg made up only 5%.

Other contributing factors include increased demand from China, particularly around the Lunar New Year, and colder weather in December, which slowed fish growth.

The surge in tra fish prices has also driven up fingerling prices, which hit VND46,300 per kg in the first week of 2025—the highest level since February 2023.

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