Vietnam: White leg shrimp export prices to the US have increased continuously since February

Export prices to the US have also recorded a continuous increase since February this year. After reaching a two-year high in June, Vietnam's whiteleg shrimp exports continued to increase in July. High sea freight rates are said to be dampening demand. However, some buyers are still increasing their shipments due to concerns about further freight rates. From 30,452 tonnes exported in June, Vietnam's whiteleg shrimp exports increased to 32,831 tonnes in July - the highest level since the beginning of this year. Except for a slight decrease in exports to China, Hong Kong (-4%) and the EU (-6%), July recorded increases in major markets such as the US (+23%), Japan (+1%), South Korea (+15%) and the UK (+15%). The US is the largest market for Vietnamese whiteleg shrimp. Exports to the US have increased for the fourth consecutive month. Export prices to the US have also recorded a continuous increase since February this year. Source: VASEP In the US market, Vietnamese whiteleg shrimp ...