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In the past three months, the price of farmed tilapia in Brazil has continued to decline
.
In November, the price of Tongtou in Grandes Lagos, the main producing area, was BRL 7.
59/kg ($1.
32/kg), down 1.
1% from the previous month; in December, the price fell to BRL 7.
48/kg
.
.
In November, the price of Tongtou in Grandes Lagos, the main producing area, was BRL 7.
59/kg ($1.
32/kg), down 1.
1% from the previous month; in December, the price fell to BRL 7.
48/kg
.
In West Parana, another producing area, the price in November was BRL 7.
42/kg, down 3% from the previous month; in December, it fell to BRL 7.
21/kg
.
42/kg, down 3% from the previous month; in December, it fell to BRL 7.
21/kg
.
According to the Brazilian Center for Advanced Research in Applied Economics (CEPEA), market trends have changed and prices have begun to fall rapidly, mainly due to the sudden drop in demand, and more tilapia has entered the market
.
.
"According to several manufacturers, demand in the Brazilian tilapia industry is sluggish, especially the purchasing power of wholesalers appears to be insufficient, which reflects the weakness of sales in the retail and food service industries
.
" CEPEA said
.
.
" CEPEA said
.
In addition, Brazilian tilapia fry producers stated that although fry supply has returned to normal, the pace of industrialization of aquaculture is slowing down
.
"In general, tilapia farmers are more cautious because the production cost has been high, and the final price is difficult to adjust, which cannot reflect the growth of the market
.
"
.
"In general, tilapia farmers are more cautious because the production cost has been high, and the final price is difficult to adjust, which cannot reflect the growth of the market
.
"