Stable prices for pangasius buyers seem likely for 2012, but the industry in Vietnam is going through serious turmoil, demonstrated last week by reports of a high profile bankruptcy.
The troubles of Binh An Seafood (Bianfishco), which is close to bankruptcy according to reports from the media in Vietnam, show the strain some pangasius suppliers are under.
Bianfishco is the highest profile example of what IntraFish sources have been talking about for a while, as processors in Vietnam struggle to get credit from lenders and also get access to raw material.
Despite
