October 17, 2012

Vietnam's shrimp exports likely down in Nov-Dec 2012

Vietnam's shrimp exports may decline in the remaining months of the year.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), exports to Japan - Vietnam's largest shrimp importer, have kept decreasing after Japan raised the Ethoxyquin alert level to 0.01ppm.

In September alone, the volume of white-legged shrimp exported to Japan dropped by more than 22% from a year earlier.

Meanwhile, shrimp exports to the US faced fierce competition from India, Indonesia and Malaysia.

Over the past few days, the price of fresh shrimp in the Mekong Delta has increased sharply from VND5,000 (US$0.24) to VND15,000 (US$0.72) per kilogramme.

It costs VND215,000-220,000 (US$10.32-10.6) per kilogramme (20 shrimps) and VND130,000-VND140,000 (US$6.2-6.7) per kilogramme (30 shrimps).