Category: Market Information

VASEP forecasts that seafood exports will continue its uptrend in the upcoming months due to robust demand from markets. The war between Russia and Ukraine increase the fuel prices, leading to increases in other input costs…

The war between Russia and Ukraine causes the global gas price to keep increasing, which affect directly into the supply chain, production cost, transportation, ocean freight…

According to Undercurrent News, Vietnam’s vannamei prices are expected to gradually increase over the next few weeks as supplies become tight before the main harvests begin from April and May, 2022. Earlier in the second half of 2021, Processing plants had to buy vannamei shrimp at high prices, peaking in the final weeks of the year…

– The Seafood manufacturers are back to business after the long Lunar New Year holiday. Shrimp farmers already start the new stocking in early February. The raw materials price of Black Tiger and Vannamei decrease as the demand decrease after Lunar New Year. The trend is down for the coming weeks.

Shrimp farmers are ready to start the new stocking after Lunar New Year in early February. The raw materials price of Black Tiger remains flat in the recent weeks, while Vannamei price decrease a bit compare to last week.

It is the end of harvest season and the quantity is not much. Shrimp farmers will start the new stocking after Lunar New Year. The raw materials price of Black Tiger remains flat in the recent weeks, while Vannamei price decrease a bit compare to last week.

According to data of Vietnam Customs, Vietnam shrimp exports for the whole year in 2021 are estimated at about 3.88 billion USD, up 4% compared to 2020. In which, exports to the US and EU markets continue to record good growth rates.

The Covid-19 epidemic may continue to develop complicatedly in 2022, directly affecting logistics activities and indirectly affecting production and business activities of the seafood industry. In the first quarter of 2022, there may be a shortage of raw materials.

The shrimp harvesting season is almost over, and U.S and EU buyers already finish their purchases for New Year. The raw material price stays at its high level compare to September and October.

The Vietnamese shrimp products exported to the US market are becoming more competitive when the Indian market also faces many barriers due to the pandemic.