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Pangasius price to go up, exporters to cancel shipment schedule

Mr. Duong Ngoc Minh, vice-president of VASEP said that after the summer time in EU, America, etc., the demands for Pangasius resume to high level since early September. However, the material scarcity is still a big problem due to that the farmers had stopped breeding. Consequently, it is estimated that the price will be increased in the coming time. Accroding to Mr. Minh, the dramatic increase of material also makes the exporters get loss for the contracts signed in July and August 2011. Many of the exporters have not well prepared the material source are breaking their commitment to the buyer because they are behind the contracts.

Source: SGTT.VN

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