“Sea cucumber remain one of the oldest marine fisheries commodity some 200 plus years old yet many buyers, processors, exporter continue to charge poor prices to Pacific Island producers for their produces,” said a recent media release from the Fisheries Department.
The new buying price sets the ‘white teatfish’ as the most expensive species with a minimum price of Vt3,200 per kilo for a wet (raw) product and Vt8,000 per kilo for a dry (processed) product.
The minimum price is Vt100 for a wet product of Lollyfish. A processed product of the species is Vt1000.