China increases imports of Vietnamese lobsters

Updated Nov 16, 2022
In nine months, lobster exports increased more than seven times over the same period last year, reaching 179 million USD, China alone accounted for 90% of the market share with 3-digit growth.
This information has just been shared by Ms. Le Hang, Communication Director of the Association of Seafood Exporters and Producers - VASEP. The reason why lobster exports have skyrocketed is due to high consumer demand in China. It is forecast that the purchasing power of this product will continue to increase strongly in the last months of the year when consumers in this country prepare for the traditional Tet holiday. Currently, the export value of lobster accounts for over 5% of the shrimp industry's exports. A survey by VnExpress shows that the number of lobsters in farming areas is decreasing due to the impact of storms and floods, causing shrimp to be suffocated with fresh water, causing serious damage to many farming households. Currently, blue lobsters of 3-4 pieces per kilogram have a retail price of 1.3-1.5 million VND per kilogram, up 10 percent compared to the previous month. The price of cotton lobster is around 1.7-2 million VND per kg (type 1 head per kg). Mr. Hung, ...
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