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Friday, July 12, 2024

Shrimp prices plunge in Mekong Delta

By N. Tan

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HCMC – The price of material shrimp in the Mekong Delta region has dropped to its lowest level this year, said the Ministry of Agriculture and Rural Development.

This price fall is not limited to Vietnam but is also seen in other major exporting countries like Ecuador, India, and Indonesia. The decline is attributed to low demand for exports and the onset of the peak harvesting season, according to the ministry.

In Bac Lieu Province, the average price of frozen giant tiger prawn (size 20pcs per kg) fell by VND19,300 to VND187,000 per kg compared to June. Frozen giant tiger prawns with sizes 30pcs per kg and 40pcs per kg are now priced at VND150,000 and VND130,000, respectively.

Similarly, frozen white shrimp has plummeted from VND1,400 to VND3,000 per kg for different sizes.

In the first seven months, Vietnam’s shrimp production reached an estimated 590,100 tons, a 4% increase over the same period last year. Of this total, production of giant tiger prawn amounted to 147,700 tons, up 1.3%, while white leg shrimp accounted for 404,600 tons, up 5%.

However, exports of aquatic products from January to July brought in total revenue of US$4.95 billion, down 25.4% year-on-year, according to the Ministry of Agriculture and Rural Development.

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