Which scenario for shrimp exports at the end of the year in Vietnam

Published 2022년 10월 5일

Tridge summary

The Mekong Delta is in the middle of its second shrimp harvest season of the year, with farmers experiencing challenges but seeing success with high-tech, intensive farming. The region's shrimp prices are high and supply is stable, but export pressures are low due to global inflation and a surplus in the market from India and Ecuador. Despite these challenges, Vietnam's shrimp industry is growing at a rate higher than the global average, with a focus on sophisticated processing techniques. Vietnamese shrimp continues to lead in several markets, including Japan, Korea, the UK, and Australia, and is increasing its market share in the EU. However, factors such as the impact of the Russia-Ukraine conflict, consumer stockpiling, and disease in shrimp farming in the Mekong Delta are expected to limit growth in shrimp exports to more than 4 billion USD in 2022.

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

Original content

The Mekong Delta is in the shrimp harvest season 2 of the year. Many brackish shrimp farmers in coastal areas think that shrimp farming in this crop faces many difficulties, but with intensive farming ponds applying high technology, good water control will limit disease risks and achieve high productivity. high capacity. Currently, the price of raw shrimp in the region is quite high, the supply keeps a stable supply and demand for processing factories. However, from now until the end of the year, enterprises said that the pressure for export contracts is not too intense due to the global inflation situation, so it is difficult to forecast consumption as expected. According to shrimp businesses in the Mekong Delta, the export shrimp market is strongly influenced by large supply from India and Ecuador. These are two superpowers of shrimp farming with high growth rates. Currently, peeled fresh shrimp from Ecuador packed in bulk is encroaching on the US market with the advantage of ...

Source: Vinanet