Vietnam: Shrimps in the Mekong Delta is increasing in price

Published 2023년 9월 5일

Tridge summary

Shrimp exports in Vietnam have shown signs of improvement since July, with shrimp prices expected to increase until the end of the year. Purchasing prices for shrimp have increased, and shrimp processing factories have started operating again. However, there are concerns about the high price of Vietnamese shrimp compared to other countries, as well as a potential shortage of commercial shrimp raw materials in the future. The shrimp industry must focus on improving competitiveness to overcome these challenges and continue to grow.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From July until now, the progress of shrimp exports to some key markets has shown signs of improvement. Recovery momentum is slow, but we hope shrimp prices will be brighter from now until the end of the year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the reason is that the market moves positively when the inventory is settled. Enterprises (DN) began to receive shrimp export contracts to prepare for the demand in the festive season and year-end. In Soc Trang, raw shrimp purchasing agents supplying export processors have increased purchasing prices for shrimp of all sizes. Quickly increase the price of large size shrimp from 20-50 pieces/kg, the purchase price is 170,000-180,000 VND/kg, an increase of about 20,000 VND/kg compared to the end of July and 60-100 shrimp/kg The price increased to about 5,000-8,000 VND/kg. While good shrimp farmers only reach a small size of 100 shrimp/kg in about 60 days, the group hopes when the price exceeds ...

Source: Danviet