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September 22, 2016
 
Vietnam shrimp prices up slightly in August
 
An eFeedLink Exclusive
 
 
Price summary
 
Shrimp prices were up slightly in August.
 

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

280

280

281

281

30

210

210

215

215

40

130

130

133

133

 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

94

94

96

96

80

125

125

126

126

* VND1,000 = US$0.045 as of August
Source: Casep (Ca Mau Association of Seafood Exporter & Producer) 

 
                                                                                                    
Market analysis
 
Shrimp prices in Ca Mau increased slightly this month compared to last month when supply remained low.
 
For giant tiger prawn, from the first week of July, for size 20 pcs per kilogram, prices increased by VND3,000 (US$0.13) per kilogram to reach VND281,000 (US$12.59) per kilogram; size 30 pcs increased by VND5,000 (US$0.22) to VND 215,000 (US$9.63); size 40 pcs increased by VND4,000 (US$0.18) to VND 133,000 (US$5.96).
 
For whiteleg shrimp, from the last week of July, size 80 pcs increased by VND1,000 (US$0.045) to VND126,000 (US$5.64); size 100 pcs increased by VND2,000 (US$0.09) to VND96,000 (US$4.30).
 
In Phu Yen, for giant tiger prawn, prices for size 30 pcs and size 40 pcs were stable at VND220,000 (US$9.86) and VND200,000 (US$8.96). For whiteleg shrimp, the price for size 100pcs ranged from VND97,000 (US$4.34) to VND107,000 (US$4.79).
 
 
Market forecast
 
The shrimp industry is expected to grow further in the remaining months of 2016. A leader of the Ministry of Agriculture and Rural Development had commented that the ability to increase output for giant tiger prawn in the world is difficult because countries are all focused on the production of whiteleg shrimp. Vietnam's giant tiger prawn continued to remain competitive with its various sizes, holding on to its monopoly of the world's market.
 
Having identified the shrimp industry as a growth sector, the Ministry of Agriculture and Rural Development is promoting its model of "shrimp-rice" and an alternating breeding pattern for shrimp, with the expectation of boosting production in livestock farming to 300 to 400 kilograms per hectare.
 


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