Tilapia price dropped in last week. Tilapia harvest season is coming. It makes the market price unstable now. Most tilapia orders are from North American customers at the present time. But Mexico market is still full of stock till the end of June. 

It shows that last week, tilapia raw material fish price of 500-800g tilapia in Guangdong was 8.5 yuan (about 1.18 dollars) /kg, dropped by 0.3 yuan from the previous week; Guangxi also fell to 8.3 yuan/kg; Hainan's price temporarily stabilized at 8.2 yuan/kg. The price difference between the three major producing areas has narrowed to the 0.3 yuan range, creating more balanced cost conditions for processing companies to purchase across regions.

Market extimated that the price adjustment was mainly affected by changes in supply and demand. A Director of a large processing plant in Hainan said: "Last week's high price of 8.8 yuan was beyond the reasonable range, and the current correction is a normal manifestation of the market's self-correction." The tilapia plant's Director revealed that the company strictly implements the "production based on sales" strategy and reversely calculates the purchase price of tilapia raw materials based on the price of tilapia fish fillet export orders. As the southern production areas will usher in a peak of concentrated listing in mid-June, it is expected that prices will remain under pressure in the short term. Price will keep dropping in the coming month.