June 15, 2011

 

Vietnam's shrimp firms hit by shortage of shrimp stocks

 

 

Vietnam's shrimp processing firms are facing a shortage of raw materials as massive shrimp deaths continue to occur in the Mekong Delta region.

 

The material scarcity is expected to reach its peak in one or two next months. At present, plants in Ca Mau province are only operating at 50-60% of their capacity due to a shortage of input materials.

 

Since the beginning of the year, the diseases and unfavorable weather conditions occur widely in the Mekong Delta, causing heavy loss in about 53,000 hectares of shrimp farms.

 

Soc Trang is the worst hit province, with 20,000 hectares of dead shrimps, causing a total damage of VND1 trillion (US$47 million), followed by Kien Giang province with 9,000 hectares and Tra Vinh province with 6,500 hectares.

 

Tiger shrimps now fetch VND210,000-VND240,000 (US$10.2-US$11.7) a kilogramme in the local market.

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