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Market Reports

June 28, 2018
 
Vietnam shrimp market sees sharp fall from April
 
An eFeedLink Exclusive
                                                                                
 
Price summary
                                                                                
Beginning May, shrimp prices saw a sharp fall from April.
 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

20

225

235

230

235

30

190

190

200

220

40

190

195

195

190

*VND1,000 = US$0.045 as of May
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

80

75

80

80

80

95

90

90

95

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

 
                                                                                                       
Market analysis
 
Prices of whiteleg shrimp fell due to a global trend. In particular, the price for size 70-100 pcs per kilogram plunged sharply by VND 10,000 (US$0.44) from last month to reach VND 75,000 (US$3.28) to VND 95,000 (US$4.15) per kilo.  Meanwhile the price of giant tiger prawn for size 30 pcs per kilo was in the range of VND 150,000 (US$6.55) to VND 165,000 (US$7.21), and size 40 pcs was at VND 190,000 (US$8.30) to VND 220,000 (US$9.61).
 
Vietnam's shrimp output in the first four months of 2018 is estimated to reach 119,800 tonnes, an increase of 11% compared to the same period last year. Of which output of giant tiger prawn has hit 56,900 tonnes and that of whiteleg shrimp 62,900 tonnes. In the Mekong Delta, output of giant tiger prawn reached 46,700 tonnes, up 1% compared to the same period last year and the output of whiteleg shrimp hit 51,500 tonnes, up 28% compared to the same period of 2017.
 
In May 2018, with the value of exported shrimp reaching US$279 million, the value of exported shrimp in the first five months of the year hit US$1,295 million, up 5.8% compared to the same period of 2017. However, shrimp exports in May were down 5.7% compared to April 2018 due to the reduced demand from the United States and China.
 
 
Market forecast
 
Shrimp prices are expected to increase in the third quarter of the year when producers trade more.
 


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