Farm-gate prices for Pacific white shrimp (L. vannamei) in Vietnam have increased significantly in the past three months, reaching their highest level in two years – less that only six months after reaching what was a new low.
Unfavorable weather conditions towards the end of the year and strong market demand in preparation for Christmas combined with cautious stocking by farmers have created a void between supply and demand, and ultimately have led to higher prices in the last quarter of 2019.
The third and last crop of the year is currently being completed by Pacific white shrimp farmers. Contrary to last year, ShrimpTails believe that, in 2020, farmers will resume production much quicker.
