After a sharp decline in August and September, Vietnam’s shrimp exports in October 2021 reached nearly the same period of 2020 export value of $425.3 million, down slightly by 1.5%. After easing the gap since mid-September, the factories have gradually restored production but faced many difficulties. Currently, the number of Covid19 cases in the Mekong Delta region is increasing, putting more pressure on the shrimp suppliers.
Shrimps and seafood suppliers in Vietnam still facing large labor shortage due to the rising cases of Covid19 in the recent weeks. Many provinces unlikely to achieve the vaccination target because they lack vaccine doses provided by the Ministry of Health. In average, most suppliers are running 30% capacity due to labor shortage.
The price of raw materials shrimp in the Mekong Delta is recovering and increasing gradually in the past few weeks, which has partly relieved the risk pressure on shrimp farmers. Main sizes of Vannamei is 30-60 count, while Black Tiger is 20-30 count. Raw shrimp prices in most major producing countries such as India and Indonesia also increase due to shortages.
In October, shrimp exports to the US, EU, and Korean markets increased, while exports to China continued to decline. Vietnam’s vannamei shrimp export value (accounting for 77% of total export shrimp products) increased by 9%, while the export value of black tiger shrimp (accounting for 16%) increased by 1.8%. The export value of sea-caught shrimp decreased by 39 % compared with the same period last year.
The program to build a brand and develop the Vietnamese pangasius market in Australia is making Australian consumers pay attention and have a good impression of Vietnamese delicious basa and pangasius brand.
Ho Chi Minh City
Khanh Hoa (Nha Trang)
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