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October 24, 2015

Vietnam

Farmers Stocking to Capture Better Prices

 

Shrimp farmers in the Mekong Delta have resumed farming because they think prices will increase at the end of the year when exporters need more raw product.

 

Tran Quoc Yen, deputy head of the Phu Tan Agriculture and Rural Development Department, said, “In the ongoing third shrimp crop, many farmers have switched to farming giant tiger shrimp, which have more stable prices.”

 

Lower shrimp prices occur during the first two crops of the year because farmers plant rice in the rainy season, and in the dry season, let saline water enter fields to farm shrimp.  Hence more shrimp comes to market.  Apparently, during the third crop of the year (now), the rice farmers don’t have a shrimp crop so shrimp production decreases and prices increase.

 

Kien Giang Province has the largest rice-shrimp farming area in the delta, about 80,000 hectares, according to the province’s Department of Agriculture and Rural Development.  The entire Mekong Delta has more than 160,000 hectares of rice-shrimp farming, yielding an average profit of $2,800 to $3,300 per hectare a year, according to the Directorate of Fisheries.  Kien Giang, Ca Mau, Bac Lieu and Soc Trang provinces have the largest areas of rice-shrimp farms.

 

Sources: 1. Vietnam News.  Delta Farmers Expand Breeding Areas.  October 24, 2015.  2. Bob Rosenberry, Shrimp News International, October 24, 2015.

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