June 30, 2017
 
Vietnam shrimp prices up in May
 
An eFeedLink Exclusive
 
                                                                 
Price summary
 
Shrimp prices rose in May following a downtrend in April.
 

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

270

275

295

296

30

180

185

195

200

40

170

165

175

186

 

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

Category (pcs/kg)

Week 1

Week 2

Week 3

Week 4

100

107

110

118

121

80

140

145

147

150

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

 
 
Market analysis
 
Shrimp prices rose in May following a decline in April.
 
Specifically, the price of giant tiger prawn for size 20 pcs per kilogram reached VND296,000 (US$13.02), up VND26,000 (US$1.14) compared to the beginning of the month; size 30 pcs per kilogram reached VND200,000 (US$8.80), up VND20,000 (US$0.88); size 40 pcs per kilogram reached VND186,000 (US$8.18), up VND16,000 (US$0.70).
 
Similarly, prices of whiteleg shrimp increased compared to the beginning of the month. In particular, the price for size 80 pcs per kilogram reached VND150,000 (US$6.60), up VND10,000 (US$0.45); size 100 pcs per kilogram reached VND121,000 (US$5.32), up VND14,000 (US$0.62).
 
The value of shrimp exports in May 2017 recorded US$282 million, leading to the value of exports in the five months of the year reaching US$1,179 million, up 7.1% compared to the same period last year.
 
After recording a good growth of 6.7% in 2016, shrimp exports in Q1 2017 reached US$618 million. The number of export markets increased from 64 to 68 compared to the same period last year. Within the list of the top-10 importing countries, Japan had overtaken the United States.
 

Market forecast
 
The volume of shrimp is expected to increase slightly to 660,000 tonnes, with 700 hectares of farming area in 2017. Shrimp exports are expected to reach US$3.4 billion, up 9%. In particular, whiteleg shrimp would account for US$2 billion, up 8%, and giant tiger prawn would contribute US$900 million, up 2%.
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.