Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Market Reports

August 23, 2017
 
Vietnam shrimp prices remain stable in July
 
An eFeedLink Exclusive
                    
                                                      
Price summary                                                                 

Shrimp prices were stable in July.
 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

20

306

306

310

310

30

240

243

243

245

40

229

225

230

230

 

 

 

 

 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

132

135

135

138

80

162

162

162

165

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

                       
                                                                         
Market analysis
 
Prolonged rain in the north had affected the shrimp farming environment. This had led to disease outbreaks in some provinces.
 
In spite of disease challenges, the farming area was up in July compared to the same period of last year. Specifically, the farming area of giant tiger prawn was estimated at 594,000 hectares (+2.4%), with production volume hitting 135,000 tonnes (+13.2%). The farming area of whiteleg shrimp was estimated at 67,000 hectares (+17.8%) with 146,000 tonnes in terms of output.
 
However, the increase in farming area was still insufficient to fulfil shrimp supply (lower than June), causing prices to inch up in July.
 
In Ca Mau, the price of giant tiger prawn ranged from VND230,000 (US$10.12) to VND345,000 (US$15.18) (according to size) and the price of whiteleg shrimp for size 100 pcs per kilogram remained relatively stable with a value of VND138,000 (US$6.07) recorded in the last week of July. For size 80 pcs per kilogram, the price was VND165,000 (US$7.26). In Soc Trang, shrimp prices also increased slightly for all sizes, with the increase ranging from VND1,000 (US$0.044) to VND4,000 (US$0.18) per kilogram.
 
Total shrimp export value in July was estimated at US$316 million, an increase of 15.4% for the first seven months of the year compared to the same period last year. One recalls that in the second quarter of 2017, shrimp supplies from some other countries were reduced, providing good opportunity for Vietnamese shrimp exports. Export value in the first half of the year was estimated at US$1.446 billion, up 7% year-on-year.
 

Market forecast
 
Export value is expected to grow further in the second half of 2017, ahead of the Christmas and New Year season. On the flip side, the shrimp sector also has to cope with new challenges such as technology barriers increasingly arising from importer demands. Notwithstanding these challenges, the Vietnam Association of Seafood Exporters & Producers forecast shrimp export value to reach US$3.4 billion in 2017, up 9% compared to 2016.
 


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