Global popularity! Vietnam Basha export prices soar, China stocks face severe test

Recently, the popularity of Vietnam basha fish in the international market has continued to heat up, and export prices have risen like rockets, triggering a global rush. 

According to industry senior personage analysis, Vietnam basha fish export price to China is expected to continue to rise.  This forecast is not groundless, but based on the significant increase in Vietnam basa exports in the first three quarters of this year and the recent price increase.  Over the past three months, the price of Vietnam basha fish has soared like a roller coaster ride, shocking industry insiders and consumers, according to data. 

The surge in global demand is one of the main factors driving up the price of Vietnam basa fish.  With the increasing demand for large fish in China, the Middle East and South America, Vietnam basha has naturally become the darling of these markets as a high quality, low price and easy to process fish product.  Especially in China, with the increasing concern of consumers for healthy diet, basa fish has gradually become a frequent guest on the family table due to its low fat and high protein characteristics. 

However, in stark contrast to the surge in demand for basa in China, basa stocks in China are low.  This is mainly due to last year's high inventory crisis brought a profound lesson to the industry, many buyers this year more careful management of inventory, to avoid falling into the inventory backlog dilemma again.  But it also makes China more passive and helpless in the face of rising prices of Vietnam basha fish. 

It is worth noting that, in addition to basha fish, the price of imported shrimp has also recently shown an upward trend.  This change not only reflects the overall recovery of the global seafood market, but also provides new opportunities for the basa fish industry.  Many in the industry believe that if basa prices can maintain their current upward trend, the entire industry is expected to benefit from this trend and achieve better development.