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October 9, 2014

Vietnam

Prices Tumble with Increase in Dumping Duties

 

After the USA Department of Commerce (DOC) imposed the highest ever anti-dumping duties on shrimp exports from Vietnam, prices for tiger (Penaeus monodon) and white (P. vannamei) shrimp in the Mekong Delta plunged dramatically.  Prices for white shrimp in Tra Vinh Province recently dropped by $0.94 per kilo in one week, to $5.65 a kilo.  Prices could drop further if export companies stop exporting shrimp to the USA.

 

Le Van Sang, a farmer in Cau Ngang District of Tra Vinh Province, complained that he lost $940 in profit on each ton of shrimp he sold because of unexpected price drops.  He was getting $11.77 per kilo for 20-count per kilo shrimp in mid-September 2014, but then the priced dropped to $10.36 a kilo.

 

Source: Vietnam Net Bridge.  Shrimp Prices Tumble as Anti-Dumping Duties Soar.  Kim Chi.  October 10, 2014.

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