Vietnam: The Chinese market eats lobster strongly

Published 2023년 3월 7일

Tridge summary

Since China reopened its land border after a three-year closure due to COVID-19, lobster prices in Cam Binh commune, a major lobster farming area in Khanh Hoa province, have fluctuated. Before the border reopening, domestic consumption led to low prices, but with the increase in Chinese market demand near the Lunar New Year, prices rose. Currently, green lobster sells for 720,000 VND/kg, making farming unprofitable due to high costs. However, there is hope for higher prices in the summer as tourism recovers and the Chinese market demands more lobster. Khanh Hoa province has over 60,000 lobster cages, producing about 1,300 tons of shrimp meat annually.

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

Original content

Lobster price fluctuates Cam Binh commune (Cam Ranh city) is one of the main lobster farming areas in Khanh Hoa province. Currently, the whole commune has more than 400 rafts, about 15,000 cages with an output of about 300 tons/year, mainly green lobster. According to our records, from January 8, when China reopened the land border gate after 3 years of temporary closure due to the impact of the Covid-19 epidemic, the trading of fresh lobsters in the area of Cambodia Vibrant again. Especially near the Lunar New Year, the consumption demand of the Chinese market increases, businesses receive many orders, so they should step up the purchase of lobsters to supply. Meanwhile, according to lobster farmers, before January 8, when China did not open, the consumption of lobster was slow because it was mainly consumed domestically, there was a time when the price of blue shrimp dropped sharply to only 550. thousand dong/kg (type 3 fish/kg). However, from January 9 onwards, the price of ...

Source: Agriculture