Vietnam’s shrimp price reaches record number
Vietnam fisheries authority stated recently the country's shrimp production farms affected by EMS have been reduced by 80% compared to the area affected last year. The country reported nearly 5700 hectares affected by EMS. Meanwhile, local shrimp prices have increased significantly, by 150% year-on-year in some provinces. In Long An, one of the main shrimp production center in Vietnam, white leg stands at USD 7.9 for 60-70 prawns/ Kg and black tiger at USD 12.4 for 40-50 prawns/ Kg. Vietnam's revenue from shrimp exports has reached about USD 2.4 billion so far this year, a 30% year-on-year increase. It is expected to exceed USD 2.8 billion in 2013.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
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