Foreign-invested firms hold 95 percent of the market in the shrimp feed segment and thus control the feed price, according to Duong Ngoc Minh, vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP).
Minh told the Daily that foreign-invested businesses such as Uni President, CP and Tom Boy have seized most of the local shrimp feed market and are cashing in accordingly.
In the low-season of shrimp farming, shrimp feed with protein ratio of 35 percent to 40 percent is priced from VND 28,000 to VND 30,000 a kilo. In the high-season, the price is much higher, ranging from VND 38,000 to VND 42,000 per kilo.
