China increases imports, creating momentum to recover Vietnam's shrimp exports
China's shrimp import demand gradually recovered, with the volume nearly doubling over the same period last year. Accordingly, Vietnam's shrimp exports to the Chinese market in May 2023 reached US$78 million, the highest turnover since the beginning of this year.
Weak demand drives down shrimp prices
HCMC – Shrimp farmers in the Mekong Delta are facing losses as shrimp prices have plunged by 30% within a month. A survey showed prawns are sold at around VND70,000-80,000 per kg of around 100 pieces, slumping by 30% against the previous month. The prices of shrimp that weigh one kilogram of 30-40
Shrimp exports plunge in Q1
HCMC – Shrimp exports from January to March fell 37% over the same period in 2022 to US$600 million, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). Shrimp exports in March contributed US$265 million to the first-quarter value, 33% lower than the year-ago
Vietnam exports first batch of shrimp this year
The export of the first batch of shrimp of 2021 is considered as a positive sign to open up bright prospects for seafood exports this year.
160 tonnes of shrimp exports leave port to EU, US and Japan
A batch of 160 tonnes of frozen shrimp products from the Minh Phu Seafood Group left port for the US, Europe and Japan Tuesday, in the Mekong Delta province of Hau Giang.