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May 21, 2015

Vietnam

Problems—Prices and Costs

 

Shrimp farmers in the Mekong Delta face huge losses as prices fall and production costs rise.  Shrimp prices have fallen 30% from the same period last year, while prices of animal drugs, feeds and power keep increasing.

 

In addition, droughts and diseases have hit many shrimp growing areas in the Mekong Delta.  In Ca Mau Province, for example, over 3,000 hectares of shrimp ponds have been infected with diseases so far this year.

 

Technical barriers set by the importing countries and fierce competition created by other countries, including Thailand and India, have also affected Vietnam’s shrimp exports.  Ca Mau has earned only $201.96 million from shrimp export so far this year, down 35.3% from last year.

 

The Mekong Delta, the heart of the shrimp farming industry in Vietnam, expects to export  $4 billion worth of shrimp products this year.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  High Production Costs, Increased Mortality, Low Prices Hitting Mekong Shrimp Farmers.  Michael Ramsingh (phone 1-732-240-5330, email michaelramsingh@seafood.com).  Month 20, 2015.

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