Vietnam: Shrimp prices increase in Mekong Delta, but farmers are still hesitant due to increasing adverse factors

In the brackish water shrimp farming areas in the Mekong Delta, the seasonal atmosphere is still quite quiet, farmers are still very cautious and face difficulties due to increasing adverse factors. It was not unexpected, when the number of shrimp farming areas was not much, while the factories began to increase purchases to process and serve year-end orders, shrimp prices immediately turned back to rise from the beginning of August. far in most sizes. And yet, forecasts also show that the upward trend in shrimp prices will continue until the end of the year, even most likely until the end of the first quarter of 2024. While the demand for raw shrimp is increasing day by day, the supply is now sharply reduced, as many farmers have stopped stocking because of losses after a long time of plummeting shrimp prices. According to Mr. Dang Ngoc Son, General Director of Camimex Company, after a long time of restricting imports to settle inventories, by the end of June, the inventory of ...