Shrimp prices up in Vietnam

By

SeafoodSource staff

Published on
December 26, 2012

Prices of tiger and white-legged shrimp in Tien Giang Province have been on the rise over the past month, bringing big gains to farmers.

Unprocessed tiger prawn is now sold at VND 220,000 (USD 10.56, EUR 7.99) per kilo of 30 units and VND 180,000 (USD 8.64, EUR 6.54) per kilo of 40 units, up VND 40,000 (USD 1.92, EUR 1.45) and VND 20,000 (USD 0.96, EUR 0.73) respectively against last week.

Meanwhile, white-legged shrimp has marked up VND 5,000-8,000 (USD 0.24 to 0.38, EUR 0.18 to 0.29) to VND 95,000-98,000 (USD 4.56 to 4.71, EUR 3.45 to 3.56) per kilo of 100 pieces, said Phan Van Phuc, a shrimp trader in Vam Lang Town in Tien Giang’s Go Cong Dong District.

The shrimp crop is coming to an end, so output is falling. However, the demand for shrimp among processors is surging, but supply by shrimp-exporting countries is running short, sending domestic shrimp prices up.

Nguyen Van Thanh, a farmer with a 3,000-square-meter shrimp farm in Tien Giang’s Tan Phu Dong District, said: “Tiger prawns raised in my farm have reached the grade of 30 units per kilo with an estimated output of over 1.5 tons.”

Click here to read the full story from The Saigon Times >

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