A price war among processors is being blamed for low farm-gate prices for tilapia this summer with producers and agents in Guangdong province claiming that prices are down to RMB 7 (USD 1.12, EUR 1) per kilo compared to RMB 10 (USD 1.60/kg, EUR 1.44) paid at this time last year.
Severe overcapacity in the tilapia processing sector has led processing firms to compete for orders by undercutting each other. That’s according to a tilapia representative body in southern China. Process…
