Why is it difficult for Vietnamese shrimp to compete with Indian and Ecuadorian shrimp?

Published 2023년 1월 31일

Tridge summary

Ecuador and India are experiencing growth in shrimp farming, raising concerns for Vietnam's goal of reaching a turnover of 10 billion USD. Vietnamese shrimp is becoming less competitive due to higher costs and a lower success rate in farming. Experts recommend focusing on seed quality and farming environment to reduce costs and improve success rates. They also suggest that Vietnam should follow Ecuador's example of domesticing to keep seed costs low and use disease-resistant broodstock. Additionally, the lack of certification in Vietnam, compared to other leading shrimp exporting countries, is also hindering its competitiveness.

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

Original content

The level of shrimp farming in Ecuador and India is growing, and if they are successful in deep processing, it will be even more difficult for Vietnamese shrimp on the journey to reach a turnover of 10 billion USD. "The state needs to have measures to control the prices of input materials such as shrimp seed, feed and materials because these items have increased sharply in recent times, pushing up the cost of shrimp farming in Vietnam. high, it is difficult to compete in the world market," suggested Mr. Truong Dinh Hoe. According to Mr. Hoang Thanh Vu - Deputy Director in charge of technical charge of Sao Ta Food Joint Stock Company, in India, the price of whiteleg shrimp 40 heads/kg is only 115,000 VND/kg while in Vietnam it is 140,000 VND/kg/kg. kg. As for Ecuadorian shrimp, 40 shrimp/kg is priced at 105,000 VND/kg and 100 shrimp/kg is only 62,000 VND/kg while Vietnam's 100 shrimp/kg is 93,000-94,000 VND/kg. Why does Vietnamese shrimp cost so much more? At the seminar "Resolving ...

Source: Danviet