Tilapia price has fallen a bit, but price remain firm, high price is expected to continue until May

After several years of depressed market, farmers have been in a difficult situation for a long time, soaring feed prices, rampant diseases and various environmental protection policies . Under these pressures, many people have lost money, resulting in the breakdown of the capital chain and difficult to sustain, the amount of seedlings has been significantly reduced.

And even in the second half of 2023, tilapia stocks in South China began to decline sharply, and supply is less than demand in market. Fish prices eventually rose sharply, and fish prices remain high at present, but because there are few farmers have big size tilapia on hand, the most farmers are unable to enjoy this benefit of price increases.

According to people who is in this industry in wenchang , Hainan ,they said there are few tilapia in wenchang area at present. Due to the difficult market, the export policy is stricter, the price of feed has skyrocketed, and the farmers have been in trouble for a long time. Many farmers do not want to raise tilapia because of long-term losses. Compared with the same period in 2022 ,it is known that current stock of tilapia in wenchang has decreased 40% . Production may not resume until May,2024.