Seafood News
The Covid-19 situation in Southern Vietnam is becoming under controlled. The prices of Vannamei shrimp in the Mekong Delta continued to rise across all counts. The demand for small size 70-100 count is increasing sharply. Furthermore, the main shrimp season is almost over in Mekong Delta, social distancing measures continue to limit farming and stocking activities, causing processors to fear an upcoming shortage of raw materials by the end of this year. Experts predict that the prices of Vannamei shrimp will continue to increase from 10% to 20%. Prices for black tiger shrimp remained unchanged when compared to last week.
The number of Covid-19 cases in Vietnam is gradually decreasing, many areas are making efforts to soon return to a new normal state. Hence, it can be seen that production will recover in a short time. The fear of labor shortage has lessened with the expansion of the green zone as many companies in Southern provinces are increasing their workforce coming back to work. Seafood importer should seize the opportunity to purchase the needed goods in September and October in order to ensure the shipment time. The market demand continues to increase, especially the pressure of delivery for Christmas. and the year-end holidays.
By Sep 28, Fimex is the first company in Mekong Delta to restore 100% of its capacity after the long period of social distancing. Soc Trang province currently has 22 shrimp processing factories. According to the survey results of the Vietnam Association of Seafood Exporters and Producers (VASEP), Soc Trang is currently one of the provinces with the ability to recover the supply chain quite well if the vaccination rate of Covid-19 is high for workers at seafood processing factories.
Congestion at ports in the US state of California is causing additional shipping problems, which are affecting the seafood supply chain to the US. According to Business Insider, this is the result of disruptions related to Covid-19, holiday shopping, and nationwide labor shortages. In response to rising transport, material and packaging costs and rising costs – exacerbated by labor shortages – many seafood suppliers have been forced to raise prices with food service and retailers. According to Baxter, the higher prices are due to the fact that container, freight and logistics costs have increased tenfold this year.
Covid-19 situation:
Vietnam Nationwide
Ho Chi Minh City
Hanoi
Khanh Hoa (Nha Trang)
Da Nang
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