Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Market Reports

August 1, 2017
 
Vietnam shrimp prices on uptrend from May
 
An eFeedLink Exclusive
 
 
Price summary
                                                                                             
Shrimp prices continued their uptrend from May.
 

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

295

296

300

305

30

190

200

210

210

40

200

210

210

215

 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

121

125

125

130

80

145

148

150

158

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

 
                                                                                                
Market analysis
 
Shrimp prices were up from May as supplies remained stable. In particular, prices of giant tiger prawn for size 20 pcs, 30 pcs and 40 pcs per kilogram hit VND305,000 (US$13.42), VND210,000 (US$9.24) and VND215,000 (US$9.46) respectively, up by the range of VND10,000 (US$0.44) to VND20,000 (US$0.88) compared to the first week of the month. Prices of whiteleg shrimp also increased by VND9,000 (US$0.40) for size 100 pcs per kilogram to VND130,000 (US$5.72) and VND13,000 (US$0.57) for size 80 pcs per kilogram to VND158,000 (US$6.95).
 
The farming area for giant tiger prawn in the Mekong Delta was estimated at 30% of the total farming area.
 
The value of shrimp exports in June 2017 reached US$269 million, leading to a value of US$1,446 million in the first six months of the year, up 7% year-on-year. Of which, the value of whiteleg shrimp exports contributed US$955 million and giant tiger prawn US$421 million. Shrimp exports had increased remarkably in the second quarter of 2017.
 

Market forecast
 
Shrimp prices are expected to increase in the second half of 2017 led by the high global demand at the end-of-the-year Christmas and New Year season. Shrimp exports are expected to hit US$3.4 billion by then, up 9% year-on-year.
 


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