Vietnam: The price of Ca Mau brick crab reduced by 200,000 VND/kg

Frozen Crab

Seafood

Vietnam

Market & Price Trends

Published Feb 8, 2024

Tridge summary

Despite the temporary decrease in the price of brick crab due to the closure of customs at the Dong Hung border gate for the Tet holiday, farmers in Ca Mau province, the 'capital' of mud crab farming, continue to profit. The province generates over 10,000 billion VND annually from this key commodity. The high selling prices this year have been a cause for excitement among farmers, with one reporting earnings of nearly 20 million VND from selling commercial crabs.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

On February 7 (Tet 28), according to reporters, the price of brick crab in Ca Mau province was purchased by traders who came to people's squares for 800,000 VND/kg, the most expensive crab was 400,000 VND/kg. , crab is about 300,000 VND/kg... Mr. Du Thai Binh, Director of Du Thai Binh Company Limited (Nam Can district, Ca Mau province), said that in previous days, brick crabs were purchased for more than 1 million VND/kg. Mr. Binh explained: "Today, the last working day of customs at Dong Hung border gate and the closing of the book for the Tet holiday led to a decrease in crab prices. However, the price is still high and ensures that farming households make a profit." rather". Ca Mau is considered the "capital" of mud crab farming in the country with an area of over 250,000 hectares and an output of 25,000 tons/year. Mud crabs have brought in more than 10,000 billion VND in revenue to Ca Mau province each year and are classified as a key commodity after shrimp. Old farmer Nguyen ...

Source: Vietstock