Crayfish is difficult to consume, prices continue to fall deeply in Vietnam

Published 2021년 8월 2일

Tridge summary

Kien Giang and Bac Lieu provinces in Vietnam are facing a significant challenge due to the vast production of 14,800 tons and 3 tons/day of giant freshwater shrimp, respectively, with harvest expected in August. This surplus, coupled with reduced domestic consumption and export opportunities due to the Covid-19 pandemic, has led to a drastic drop in shrimp prices. Giant freshwater shrimp prices have fallen by 20%, and other shrimp types by varying degrees, causing concern among farmers about their livelihoods and the management of such a large supply. The situation underscores the impact of the pandemic on agricultural markets and the urgent need for solutions to support farmers in these challenging times.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kien Giang: 2,000 tons of giant freshwater shrimp need to be connected to consumption In Kien Giang, currently in the province, the amount of shrimp farmed until the harvest period is quite large, it is very necessary to have a connection channel for consumption. It is expected that in August, shrimp production for farmers in coastal districts will be about 12,500 tons. Of which, only the giant freshwater shrimp is 2,000 tons. While black tiger shrimp and white leg shrimp are purchased, processed and exported by factories, the consumption is more favorable. As for giant freshwater shrimp, it is only for domestic consumption and must be harvested and transported live shrimp to consumers, so it is very difficult. When harvesting giant freshwater prawns, they often have to slap the square and catch it all at once, requiring a large amount of labor. Due to the implementation of social distancing, it is also very difficult to hire people to harvest giant freshwater prawns. ...
Source: Vinanet

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