This year's news coming from Vietnam's pangasius sector is anything but positive: prices remain low, interest rates for struggling producers are rising and consequently more and more farmers are exiting the market to grow alternative products.
"Prices are simply too low and demand is stable at best," Frans Zeeman, purchasing manager at Dutch importer Seafood Connection, told IntraFish.
Many producers sell at or even below their production cost, he said, "just to keep the factory running and [to] wait for better times."
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