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April 13, 2014

Vietnam

Lobster Farming on the Central Coast

 

Concentrated in Phu Yen, Khanh Hoa and Binh Thuan provinces, lobster farming depends on the capture of wild juveniles for stocking sea cages.

 

Phu Yen Province, mainly around the town of Song Cau, has approximately 3,000 hectares of floating cage farms.  In 2013, farmers produced 266 tons of live lobsters, a drop of 12% from 2012 because of a shortage of wild seedstock, amateur technology, bad water quality and disease.

 

Mr. Nguyen Phung Ngoan, chairman of Tuy An District’s people’s committee, says the prices for wild seedstock fluctuates from $13.27 to $16.59 a kilogram.  He thinks the high prices for seedstock will eventually lead to the extinction of the species used for farming.  The industry is beginning to look at hatcheries as a solution to the seedstock shortage.

 

The town of Song Cau has 18,500 lobster cages stocked with nearly one million lobsters.  In 2013, lobster prices ranged from $75.8.6 to $85.33 a kilogram, producing profits of more than $23.8 million for the town.  Nguyen Thanh Nhon’s family works more than 200 cages holding 11,000 lobsters.  When prices are high, he earns a profit of $71,000 to $95,000 a year.

 

Phu Yen Province plans to limit the number of sea cages to 40 or 50 per hectare.  The industry needs research on artificial feeds and species selection, and regulations to maintain water quality and prevent the over fishing of juveniles.

 

Source:  Phu Yen News.  Seeking Solutions to Sustainable Lobster Breeding.  Translated by Hai Loan.  April 11, 2014.

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