TILAPIA PRICE increase a lot, what's the reason?

-TILAPIA PRICE increase-
In the past two months, due to the rush for fish by processing plants, the Tilapia market has shown a rapid rise. The growth rate in the past half month has been even more obvious, with the highest increase reaching 1 yuan/500g!

Affected by the shortage of raw fish supply, the cost of processing plants has increased, and the cost of one piece of open-back tilapia has increased by 20-30 yuan. On September 13, the factory price of tilapia over 1 kilogram was 4.8 yuan/jin in Hainan and 5 yuan/jin in Guangdong! In Jiexi, some farmers said that the local pond purchase price has reached 6.2 yuan/500g!

According to analysis by industry insiders, the price increase of tilapia is related to the 50% decrease in the number of stocks in ponds this year compared with the same period last year. It is expected that the price of tilapia will not be too bad in the future. Faced with the current market trend, some farmers lamented, “How many people fell before dawn."