November 2, 2009

Vietnam shrimp exports hit US$1.15 billion in Jan-Sep

Vietnam raked in US$1.151 billion from exporting 144,300 tonnes of shrimp in the first nine months of 2009, down 1.2 percent in value despite an increase of 6.4 percent in volume against the same period of last year.


According to the Ministry of Industry and Trade (MIT), main importers were Japan, the US, EU, South Korea and China.


MIT said shrimp export recovered in Japan market, with revenue increased 9.4 percent to US$51.7 million and quantity increased 7.5 percent to 5,091 tonnes in January to September. Meanwhile, export to the US deceased 37.1 percent in volume and 41.6 percent.


Currently, sugpo prawn prices are surging in Mekong Delta region as typhoons and polluted environment made shrimp die en mass.


The prices rose VND10,000-VND30,000 per kilogramme to VND100,000-VND115,000 per kilogramme and were forecast to continue surging in the coming months due to high demand.


US$1 = VND17,985 (Nov 2)