Vietnam attempt to overcome raw shrimp shortage
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Vietnam attempt to overcome raw shrimp shortage

Posted by | December 10, 2013 |

Vietnam seafood exports in 2013 are hoped to hit over USD6.5 billion, up 5 percent year-on-year, mainly due to sharp increase in whiteleg shrimp exports. However, lack of raw shrimp may negatively affect seafood export target this year.

So far, the price of black tiger shrimp and whiteleg shrimp in some Mekong Delta provinces has increased by 10-15 percent from the early November 2013.

In the period from July to September 2013, shrimp exporters were in high demand for raw shrimp to process. However, they faced fierce competitiveness from dealers in buying raw shrimp from domestic farmers to transfer to China. They offered farmers higher price than that paid by processors.

From now to the late 2013, shrimp exports will be on the upward trend owing to high demand from importing markets. Shrimp shipment in 2013 is hoped to reach USD2.8 billion, up 27 percent year-on-year.

Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email