Vietnamese giant-size crabs increased in price sharply

Fresh Crab

Seafood

Vietnam

Market & Price Trends

Published Feb 8, 2024

Tridge summary

Seafood prices in Ho Chi Minh City have surged due to a combination of increased demand and limited supply. A variety of seafood, including different types of crabs, large green lobsters, and squid, have all seen significant price increases. This is largely due to increased buying power towards the end of the year and a decrease in supply as fishermen take an early Tet holiday. In contrast, vegetable prices have remained stable, thanks to favorable weather conditions in the southern provinces.

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

A survey at a seafood store in Ho Chi Minh City showed that the price of farmed mud crabs in Ca Mau increased by about 300,000 VND, to the highest of 850,000 VND per kg, and of brick crabs by 1 million VND, up 30% compared to last week. Blue crabs are now also 200,000 VND more expensive, up to 750,000 VND per kg. Similarly, red King Grab crab (Emperor crab) increased by 200,000 VND to 2.8 million VND kg. Large green lobster is priced at 1.8 million VND per kg, an increase of about 300,000 VND. Squid of 5 kg each is priced at 450,000 VND, an increase of 150,000 VND compared to the previous month. Mr. Lam, owner of a seafood store in Binh Thanh district (HCMC), said that purchasing power at the end of the year for seafood increased while the scarce supply caused this group to increase prices sharply. In particular, with Ca Mau crab, blue crab and squid, China increased purchases during the Lunar New Year, so first-class goods for the domestic market were in small quantities. ...

Source: VNExpress