Raw material prices for tilapia out of China have dropped faster than some expected.
Prices this week for 500-800 gram live tilapia have fallen to RMB 9.80 per kilo, said Landy Chow of Siam Canadian China.
That is down from RMB 10.80 at the end of May, and RMB 11.60 in early and mid May. Liang Chaorong, sales manager at the Chinese tilapia processor Evergreen (Zhanjiang Evegreen Aquatic Product), quoted even lower prices, of RMB 8.60 per kilo, for the region of Zhanjiang.
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