Prices of bangus from Dagupan City have dropped drastically due to oversupply, and the City Agriculture Office said this is due to “oversupply.”
The City Agriculture Office said prices of the milkfish, locally known as “betel,” from P160 per kilo in the past months to P125 per kilo.
Agricultural technologist Rolly Dulay said this is a “common trend” where fish growers tend to harvest “betel” in June (http://northboundasia.com/2019/06/17/price-of-dagupan-bangus-drops-due-to-oversupply/).
Dulay said consumers can even avail of smaller sizes of bangus at P110 per kilo during this season.
He added bangus prices are not expected to increase this month, and will not be affected by the onset of the rainy season.
Yet, he said bangus growers incur no profit nor loss, or gain little profit amid the high supply.