Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Market Reports

April 27, 2018
 
Vietnam shrimp prices on uptrend in March
 
An eFeedLink Exclusive
              
                                                                  
Price summary                                                        

Shrimp prices were on an uptrend after the Tet holiday.
 

Price of giant tiger prawn(expressed in VND1,000/kg)

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

20

350

335

335

335

30

280

290

300

300

40

260

260

265

270

*VND1,000 = US$0.045 as of December
Source: Vasep (Vietnam Association of Seafood Exporter & Producer) 

      

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

90

95

95

100

80

115

115

115

115

*VND1,000 = US$0.045 as of March
Source: Vasep (Vietnam Association of Seafood Exporter & Producer) 

 
                                                                                                       
Market analysis
 
Shrimp prices were on an uptrend in March due to the increased local demand after the Tet holiday. For giant tiger prawn, prices for size 20-40 pcs per kilogram increased by the range of VND10,000 (US$0.44) to VND25,000 (US$1.09) compared to last month, reaching VND260,000 (US$11.39) to VND380,000 (US$16.64) per kilogram. For whiteleg shrimp, prices for size 50-100 pcs per kilogram ranged from VND90,000 (US$3.94) to VND115,000 (US$5.04) in the last week.
 
The current weather conditions are favourable to farm expansion and farmers in many provinces are investing more.
 
The export value of shrimp in March was estimated at US$248 million, up 11.2% compared to the same period last year.
 
Shrimp output in the first three months of 2018 hit 82,500 tonnes, up 7.6% year-on-year. Of which, the volume of giant tiger prawn reached 42,300 tonnes and that of whiteleg shrimp reached 40,300 tonnes. In the Mekong Delta, the volume of giant tiger prawn hit 33,800 tonnes, up 1.1% compared to the same period last year, and the volume of whiteleg shrimp hit 32,200 tonnes, up 7.9%.
 
 
Market forecast
 
According to the Vietnam Association of Seafood exporters and Producers (VASEP), shrimp exports to the EU should increase in 2018 after the business agreement between Vietnam and EU gets through. Based on the agreement, many types of Vietnam shrimp exports to the EU will receive zero tax instead of the current 12.5-20%.
 


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