Nile perch exports hit by price war squeeze

Massive price undercuts by the rival Pangasius species have dealt a fresh blow to the region’s Nile perch exports to the EU, further dampening the outlook of an industry already hard hit by production slumps.

A latest market outlook report by the Food and Agriculture Organisation (FAO) showed that exporters from Kenya, Uganda and Tanzania are feeling the squeeze of the price shift that has seen shipments to the prime European market slump by 10,000 tonnes in 2008 alone.