Lobster price drops in Vietnam, but no traders come to buy
Fresh Common Lobster
Vietnam
Published Jun 10, 2022
Tridge summary
The price of lobster at the beginning of this June is very low compared to other years. Specifically, the price of cotton lobster is about 900,000 VND/kg, green lobster is 600 thousand VND/kg, down 300 - 600 thousand VND per kilogram compared to this time last year. Mr. Tran Van Vuong, from Xuan Thinh commune, Song Cau town, Phu Yen province, said that his family raised 1,000 lobsters that had come to be sold but could not be sold. At the current price, shrimp farmers are happy to recover their capital but do not expect to make a profit.
Original content
The price of lobster at the beginning of this June is very low compared to other years. Specifically, the price of cotton lobster is about 900,000 VND/kg, green lobster is 600 thousand VND/kg, down 300 - 600 thousand VND per kilogram compared to this time last year. Mr. Tran Van Vuong, from Xuan Thinh commune, Song Cau town, Phu Yen province, said that his family raised 1,000 lobsters that had come to be sold but could not be sold. At the current price, shrimp farmers are happy to recover their capital, but do not expect to make a profit. In the past few days, in Xuan Phuong commune, Song Cau town, only a few frozen trucks came to buy shrimp from households who called to order in advance. Small trader Tran Thi Muoi, in Xuan Phuong commune, Song Cau town, Phu Yen province said: "This year's shrimp prices have lost a lot of value. The market consumes very little, only a few are available now. Before delivering shrimp to a Chinese customer who owes several billion but has not yet ...
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