By VietFish Magazine
Friday, September 13, 2019
Prices of black tiger shrimp remain high and prices of white leg shrimp of all kinds are in an upward trend around Ca Mau province. The shrimp export market has seen some positive signs.
The market of big size white leg shrimp raw materials is rising after over a month of gloomy exports.
In Soc Trang, two companies related to seafood processing for export are purchasing white leg shrimp raw materials (A1, size 20-30-40 pcs/kg) at a high price. Shrimp size 30 and 40 pieces/kg are sold at 168,000 Vietnam Dong/ kg and 146,000 pieces/ kg respectively (while it was 160,000 Vietnam Dong/ kg and 137,000 Vietnam Dong/ kg in early August).
Meanwhile, the prices of small size black tiger shrimp and white leg shrimp remain the same as the previous month. According to the analysis made by companies related to the shrimp sector, the upward trend of white leg shrimp has resulted from India’s situation. India has been considered the biggest shrimp hub for many years; however, the outbreak of white feces disease (WFD) prevented local shrimp from weighing up and resulted in serious damage like a shortage of big size shrimp and 30% of decrease in farmed shrimp production. Many customers came to Vietnam for buying big size shrimp, resulting in an increase in the price of this species. Prices of big size shrimp raw material are stated to jump one dollar per kilogram in new sales contracts.
A Factory Located In Suoi Dau Industrial Zone Located In Central Vietnam Supplying BAP Vannamei Shrimp. Credit: Silvera Food
Besides, China has a growing demand for big size giant tiger shrimp like it did in previous years, making the price of this species inch up. It is forecasted that Vietnam’s shrimp export volume will rise by September 2019.
Workers Process Vannamei Shrimp For Export. Credit: Silvera Food