Vietnam's raw shrimp prices will decrease slightly at the end of 2021

Published 2022년 1월 11일

Tridge summary

The article highlights a slight decrease in the price of whiteleg shrimp in Vietnam at the end of 2021, with the lowest price recorded in the 52nd week of the year. The price drop is attributed to a decrease in demand during the New Year holidays. On the other hand, the price of black tiger shrimp remained stable. The trader expects a further decrease in shrimp prices in 2022 due to the ongoing COVID-19 epidemic's impact on food demand. However, a representative of Siam Canadian office in Vietnam suggests that the current market situation does not reflect the real trend and anticipates a rise in shrimp prices in the first quarter of 2022 due to a shortage of supply. Despite the challenges of increased production costs and freight, Vietnam's shrimp export turnover in 2021 saw a growth of 3% compared to the previous year, reaching nearly 3.9 billion USD. The industry is expected to continue its sustainable growth and technological advancements in 2022.

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

Original content

According to Undercurrent News, the price of whiteleg shrimp in Vietnam tends to decrease slightly in the last weeks of 2021. The price of raw shrimp purchased decreases by an average of 3,000 - 4,000 VND (0.13 - 0.18 USD)/kg compared to previous weeks, depending on size. Traders said that the price of white-leg shrimp purchased at the bottom of the field at the end of December 2021 (the 52nd week of 2021) fluctuates around VND 145,000 ($6.37)/kg for 40 shrimp; 122,000 VND/kg 60 heads; 110,000 VND/kg for 80 pieces and 97,000 VND/kg for 100 pieces. Unlike vannamei shrimp, the price of black tiger shrimp remained stable, about 235,000 VND/kg 20 kinds of shrimp; 170,000 VND/kg for 40 heads and 140,000 VND/kg for 60 pcs. Sources of Undercurrent News said: "Price of vannamei decreased slightly because import markets were on New Year holiday, demand for orders decreased." However, this trader predicts that shrimp prices in 2022 will tend to decrease because the COVID-19 epidemic is ...

Source: Vinanet