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December 28, 2015


Shrimp Farming Crisis


In 2015, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that shrimp exports were expected to be worth $3 billion, down $1 billion from 2014, mostly because of shrimp diseases in the Mekong Delta, lower shrimp prices and fewer orders.


The latest statistics from the Department of Agriculture and Rural Development in Cau Ngang District of Tra Vinh Province show that 41 percent of over 6,000 farmers suffered losses in 2015, while 11 percent broke even and the rest make insignificant profits.  Vo Bang Truc, Chairman of Thanh Phuoc Commune People’s Committee, said that most farms were hard hit by shrimp diseases and low prices.  An estimated 80-90 percent of the farmers in the commune incurred losses or broke even.


Tran Van Linh, Director General of Thuan Phuoc Seafood and Trading Company, said that many of Vietnam’s customers reduced their imports, resulting in a drop of export prices of about 30 percent.  Exchange rate fluctuations also affected the shrimp industry’s competitiveness.


Mr. Ho Quoc Luc, Director General of Sao Ta Food Company in Soc Trang Province, said that operating costs increased sharply and production decreased sharply, creating hardships across the industry.


Source:  Shrimp Industry Falls in Crisis.  December 28, 2015.

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