In Q3’25, tilapia prices showed mixed trends across global and local markets. In the Philippines prices fell sharply due to a massive fish kill caused by low oxygen levels and sudden temperature changes from heavy rains.
This event forced farmers to sell fish early at much lower prices just to recover some costs. Overcrowding in fish cages and accumulated waste also worsened the situation, leading to oversupply in local markets and reduced consumer confidence.
In contrast, the global tilapia market showed steady growth. Vietnam, a major exporter, continued to benefit from rising international demand, especially from the U.S. and the Middle East. After a temporary halt, shipments to Brazil resumed, giving the industry a further push. Improved farming techniques, strong trade agreements, and a focus on disease-resistant breeds helped Vietnam stay competitive, even as Chinese producers struggled with tariffs and pangasius competition.
Meanwhile, in China, prices slightly dropped towards the end of the harvest season. Farmers became hesitant to sell due to low prices and sluggish demand from key buyers like the U.S.