June 10, 2014
 
Vietnam shrimp exports grew in face of obstacles (week ended May 30, 2014)
                                         
An eFeedLink Exclusive
 
 
Price summary
  
Prices of all types of giant tiger prawn were up slightly from the previous week.
 

Price of giant tiger prawn in Ca Mau  (Expressed in VND1,000/kg*)

Category (pcs/ kg)

May 23

May 30

20

265

275

30

230

240

40

190

200

*VND1, 000 = US$0.0474 as of May 30, 2014
Source: Casep (Ca Mau Association of Seafood Exporter & Producer) 

 
After a sharp decline in several weeks, the prices of all types of whiteleg shrimp rose inappreciably this week and are still staying low compared to the previous week.
 

Price of giant tiger prawn in Ca Mau  (Expressed in VND1,000/kg*)

Category (pcs/ kg)

May 23

May 30

60

91

100

70

93

96

80

83

91

90

77

85

100

73

81

*VND1, 000 = US$0.0474 as of May 30, 2014
Source: Casep (Ca Mau Association of Seafood Exporter & Producer) 

 
 
Market Analysis
 
According to Nguyen Thanh Vu, a farmer in Binh Dai District, the prices of whiteleg shrimp decreased and stayed at about VND10,000 (US$0.47) per kilogramme lower than the production cost. In particular, the price of whiteleg shrimp of type 100pcs/kg which had been about VND100,000 (US$4.71) per kilogramme, had dropped to VND70,000 (US$3.30) per kilogramme or even VND65,000 (US$3.06) per kilogramme. With this price drop, farmers lost about VND10,000 (US$0.47) per kilogramme.
 
Based on the information from the Mekong Delta, the current price of tiger giant prawn averaged at about VND15,000 (US$0.70) per kilogramme lower compared to the first month of 2014. Meanwhile, prices of whiteleg shrimp also dropped 12% for type 100 pcs/kg, 17% for type 90 pcs/kg, 17% for type 80 pcs/kg, 12% for type 70 pcs/kg and 21% for type 60 pcs/kg compared to the same period in 2013.
 
The General Statistics Office of Vietnam shared that the volume of seafood produced in May reached 554,000 tonnes, rising 4.1% on-year, of which the volume of fish reached 412,500 tonnes, rising 1.1% on-year and the volume of shrimp gained 68,100 tonnes, growing 25.9% on-year.
 
In the first quarter of 2014, shrimp exports to the European Union increased 98% compared to the same period in 2013, reaching US$112 million. Exports to the five largest markets - Germany, Belgium, France, the United Kingdom and the Netherlands - all increased. Although Europe currently is still cautious about importing while anticipating lower shrimp prices, the region is still considered as a promising market for Vietnamese shrimp exporters this year.
 
 
Market Forecast
 
According to the National Weather forecast Centre, the weather of the southern region will be unfavourable with high temperatures during the day and rain at night. With this weather condition, the environment for shrimp will be influenced and a high risk of disease is predicted for shrimp. Farmers, therefore, should be very careful with their investments to avoid huge losses.
 
The General Directorate of Fisheries and provinces in the Mekong Delta have agreed to recommend to farmers not to breed whiteleg shrimp in freshwater areas. According to the general plan for the farming industry from now until 2020 with a vision to 2030, whiteleg shrimp farming in freshwater areas is not supported.
 

 

 


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