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Market Reports

December 5, 2017
 
Vietnam tiger prawn prices experience overall drop in October
 
An eFeedLink Exclusive
 
                                                                          
Price summary
                                                                                             
Vietnam giant tiger prawn prices, for size 20 and 30 pcs per kilogram, experienced an overall drop in October.
 

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

320

330

325

315

30

260

260

255

245

40

200

205

208

210

 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

138

145

145

139

80

165

166

168

168

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

 
 
Market analysis
 
For size 20 and 30 pcs per kilogram, giant tiger prawn prices remained high in the first three weeks of October, and dropped slightly in the last week of the month. In particular, prices for size 20 and 30 pcs per kilogram were both reduced by VND10,000 (US$0.44) in the last week, while size 40 pcs per kilogram inched up VND2,000 (US$0.09).
 
For whiteleg shrimp, for the last two weeks of October, the price for size 80 pcs per kilogram stayed at VND168,000 (US$7.40), while the price for size 100 pcs per kilogram dropped VND6,000 (US$0.26) to end off VND139,000 (US$6.12).
 
In October, the value of exported shrimp reached US$334 million leading to a value of US$3,067 million for the first ten months of 2017, an increase of 18.6% year-on-year.
 
 
Market forecast
 
According to shrimp suppliers and exporters, good supply of larger size shrimp is expected for the last few months of the year.
 
Shrimp prices are expected not to drop before February and March 2018 as producers are busy to finish all orders for the last few months of 2017. In the next two weeks, all the orders need to be closed. Moreover, other countries in Asia tend to increase their purchases in November. For the China market, all orders need to be delivered before January for Lunar New Year.
 


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