Vietnamese Catfish Farmers Dogged by Low Prices
date:Jul 20, 2012
out an increase, the furtherreduction in supplies will lead to more processors cutting backon production, or even shutting down completely.

Right now farmers are selling their fish at a loss in order topay off the loans they took out to pay for feed and juvenilefish. Bank interest rates are sky high, ranging from 15% to amassive 30%, and companies are being given no leeway on payingthem back. Meanwhile. a steep increase in the price of feed,particularly that produced by foreign-owned feed mills
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