Seafood News
Vietnam shrimp suppliers are facing the risk of serious shortage of raw materials in the last quarter of 2021. The shrimp supply chain was almost broken in August and September 2021. Therefore, the finished product price is considered to be increasing daily. In addition, capacity on international routes is seriously short of peak season demand, transportation costs are at a record high. The shrimp exporters are focusing to deliver all the pending orders to reach Christmas and year-end season.
Vannamei raw material price remains same as last week, main sizes fall between 35-55 pcs/kg. Black Tiger material price has slightly increased, main size is 20 pcs/kg. Although the price increase is partly encouraging farmers to stock up on raw materials, but they are still afraid of the recurrence of the Covid19 disease would drop raw material price again. Shrimp farming supplies, including shrimp seed and aqua feed, encountered many difficulties and disrupted the stocking schedule.
According to VCCI, the rate of workers and employees being vaccinated against Covid-19 at businesses in Mekong Delta is still low. The pressure to vaccinate workers to be eligible to work is on all businesses. Another difficulty of the shrimp manufactures is the high cost of supply chain of incoming materials to maintain production activities.
In the first half of September 2021, Vietnam’s seafood exports continued to be heavily affected because of production interruptions cause by Covid19 strict lockdown, so it decreased deeply by 31% over the same period. Accordingly, seafood export turnover in September 2021 reached over USD 628 million, down 23% over the same period of 2020.
Vietnam’s aquatic products have gained the favor of Australian consumers, Secretary of the Australian Department of Agriculture, Water and the Environment Andrew Metcalfe said on October 1. Australia has become is the 7th largest shrimp import market of Vietnam, adding that Vietnam’s fishery export to Australia expanded by 35 percent in the first eight months of 2021.
Russia is the 9th largest shrimp import market of Vietnam, accounting for 1.3% of the total value of Vietnam’s shrimp exports to markets. Although it is only a small import market, Vietnam’s shrimp exports to Russia in the first seven months of this year grew very well.
Covid-19 situation:
Vietnam Nationwide
Ho Chi Minh City
Hanoi
Khanh Hoa (Nha Trang)
Da Nang
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