Shrimp exports from Mekong Delta down 32%
Shrimp exports from Vietnam's Mekong region fell 32% in the first five months of the year because of a slump in demand from Europe, Australia, Japan, and Korea. Vietnamese shrimp also has to compete with products from Thailand and India. The decline has pushed prices down in the delta, posing a big challenge for shrimp breeders, Sai Gon Giai Phong newspaper quoted Deputy Chairman of the Ca Mau People's Committee, Le Dung, as saying. Due to the low demand Vietnamese exporters shipped large quantities to the US, causing prices there to go down sharply. To cope with competition, Mr Ca Mau asked authorities to help with information about market demand, prices, and types of goods in demand to help exporters and farmers/buyers.
Michael Boddington from Asian Agribusiness Recruitment Training Development (AARTD) has been involved in agribusiness in Asia since 2000. AARTD has office both in Vietnam Ho Chi Minh City and China Beijing. So AARTD has a thorough understanding of the Vietnam and China agribusiness 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.
Source: http://www.asian-agribiz.com/