Lobster price on Van Phong Bay, Vietnam decreased by more than 1 million VND/kg, farmers are in danger of loss

Published 2021년 8월 25일

Tridge summary

Lobster prices in Van Phong Bay, Vietnam have dropped by over 1 million VND/kg due to transportation challenges and a decrease in demand from the Chinese market during the COVID-19 epidemic. This is further compounded by a significant increase in the cost of feed bait, leading to financial struggles for lobster farmers. The situation is worsened by the high risk of loss due to the need for debt rescheduling and freezing, as many farmers are facing reduced output and high costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Lobster price dropped by more than 1 million VND/kg Cotton lobster farmers in Van Phong Bay area, Van Ninh district said that before the Mid-Autumn Festival, the Chinese market "eats strongly", this is also considered the main crop of lobster farming, but the price is decreasing. brake. Talking to the writer, Mr. Nguyen Van Son has more than 20 lobster cages in Dam Mon area, Van Ninh district, said that the price of shrimp began to decrease sharply since the COVID-19 epidemic broke out again, but food prices (bait) Shrimp farming is increasing every day. Especially when the locality began to apply social distancing measures to fight the epidemic. Currently, the price of class 3 lobster (550g -700g) is priced at 1.2 million VND/kg, grade 2 lobster (700g - 1,000g) is about 1.6 million VND/kg, grade 1 lobster (more than 1kg) has The price is more than 2.1 million VND/kg. At this current price, lobster farmers said that it has decreased by more than 1 million VND/kg compared to 3 ...

Source: Vietnambiz