June 25, 2005
Vietnamese shrimp exports to US and Japan on the rise
According to the Vietnam Association of Seafood Exporters and Producers, orders from US and Japanese importers for Vietnamese shrimp have been have been on the rise since late May.
The Association said the US's shrimp reserves have been depleted after a rather long time of limited imports, partly because countries that are regular shrimp suppliers for the US have suffered from poor harvest. VASEP is optimistic about the sale of Vietnamese shrimp to the US market, especially shrimps of medium and big size, which are seeing slight increases in prices at around 2 percent.
The Japanese market has also been favourable for Vietnamese exporters. In addition to the effects of the US market, lower than expected shrimp outputs in a number of South Asian countries and the start of the important O-Bon festival season in Japan are other reasons that have driven up Japan's import needs.
Not to be ruled out is the EU market, as Malaysia, which has always been a traditional supplier there has recently shifted its focus to the US market.