Most farmers in Vietnam stocked their ponds for the first crop of the year. This is contrary to what happened in India, where a significant number of farmers decided not to do this. With the harvests now in full swing, prices in Vietnam have seen a rapid decline since May.
We expect prices to go down even further until the end of June, when the harvesting season should come to an end. Prices may stabilize in July and August, when there will be less shrimp available.
As for September, when Vietnam’s farmers will harvest their next crop, it is difficult to predict what will happen with the prices. One possibility is that, with current price levels, farmers decide not to stock at all or to only partially stock. If this were to happen, the volume of the second crop will be lower than we would normally expect ...
