Vietnam
Vannamei shrimps season just started – market moving unpredictably.
While other major shrimp exporters such as India, Ecuador, Indonesia, and Thailand
are heavily disrupted by the pandemic, Vietnam has a competitive advantage over rival suppliers thanks to the swift Covid-19 containment. Even though there were setbacks in the first few months of the outbreak, Vietnam shrimp companies have managed to stabilize its production and maintained competitive prices in response to the high demands from the US and EU market.
The Shrimps market has now entered the off-season stage in a strong demand market pushed by USA and Europe.
Vietnam has exported USD 349.9 million of shrimp in June 2020, an increase of 19.2% compared to June 2019. Annual export up to end June has reached USD 1.5 billion, up 5.7% compared with the first 6 months of 2019.
Vannamei Shrimps 2020 Season in the Covid era:
A consolidated shift in market demand to smaller sizes
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Ho Chi Minh City Office
35 Nguyen Hue Street,
Ben Nghe Ward, District 1,
Ho Chi Minh City, Vietnam
Singapore Office
360 Orchard Road, International Building #10-08, Singapore 238 869
info@lpfoods.com.sg
VN: +84 28 3827 0098
SG: +65 6836 2527
Monday - Friday
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We’ve got all the answers! Feel free to contact us, give us a call or simply send us an email, we will be sure to get back to you as soon as possible.
Ho Chi Minh City Office
35 Nguyen Hue Street,
Ben Nghe Ward, District 1,
Ho Chi Minh City, Vietnam
Singapore Office
360 Orchard Road, International Building #10-08, Singapore 238 869
info@lpfoods.com.sg
VN: +84 28 3827 0098
SG: +65 6836 2527
Monday - Friday
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