Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

January 23, 2017
 
Vietnam shrimp prices spike in Dec

An eFeedLink Exclusive
          
                                                                
Price summary  
                                                               
Shrimp prices increased sharply in December.
 

Prices of giant tiger prawn in Ca Mau  (Expressed in VND1,000/kg)

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

20

280

290

330

330

30

210

210

215

220

40

180

180

190

195

 

Prices of whiteleg shrimp in Ca Mau  (expressed in VND1,000/kg)

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

113

115

116

116

80

125

128

130

130

* VND1,000 = US$0.044 as of December
Source: Vasep (Vietnam Association of Seafood Exporter & Producer)

 
                                                                                                
Market analysis
 
Shrimp prices spiked in December due to increased purchases from exporters for the Christmas and New Year season. Moreover, the transitional and unfavourable weather period limited production from farmers.
 
In Ca Mau, farmers were very excited about the price increase. Specifically for giant tiger prawn of type 20 pcs per kg, the purchase price was VND330,000 (US$14.62), up 30% compared to the same period last year.
 
According to the General Statistics Office, shrimp output in 2016 hit 824,000 tonnes, up 3.3% year-on-year. The farming area for giant tiger prawn in 2016 was estimated at 571,000 hectares, up 0.1% year-on-year; output hit 25,700 tonnes. The farming area for whiteleg shrimp in 2016 reached 102,300 hectares, up 16.3% year-on-year; output hit 357,600 thousand tonnes, up 5% year-on-year.
 
 
Market forecast
 
With the recent increase in shrimp prices, farmers in the Mekong Delta would tend to expand production in the next few months. However, officials are alerting farmers to be careful with farming due to the weather being unfavourable which may cause widespread disease and profit loss.
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read