NEWS ARCHIVES

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Archive for June, 2011

Shortage of raw shrimp in Vietnam.

Tuesday, June 21st, 2011

Shrimp processors in Mekong Delta are facing serious shortage of raw shrimp and its record purchasing price. In southern Soc Trang province, the key area of industrial shrimp farming, thousand hectares of black tiger shrimp are suffering from disease, shrimp dying before harvesting leads to the shortage of raw materials for local shrimp processing plants. Many exporters don’t dare to sign more contracts.

Many company’s plants are currently operating at 50 percent of its full capacity due to lack of raw material. Moreover, heavy shrimp mortality also slows down its business activities. The company received many orders from their partners but they couldn’t sign any contracts due to unstable raw material supply.

In the past 10 years, shrimp processors in Mekong Delta haven’t coped with difficulties in purchasing raw shrimp as now. Raw shrimp price reached the highest. Local companies are very hard in keeping their operating smoothly and ensuring stable income for their workers. Shrimp export may fail to achieve the target of this year.

To ensure raw shrimp resources, many farmers and companies begin farming again but they choose to stock whiteleg shrimp instead of black tiger shrimp. Time for farming whiteleg shrimp is two month shorter than farming black tiger shrimp. Many domestic processors are planning to import raw shrimp for processing. However, high tax, complicated import procedures, long tax refund time are preventing them from implementing their plan.

According to Mr. Truong Dinh Hoe, General Secretary of Vietnam Association of Seafood Exporters and Producers, the lack of raw material will affect negatively shrimp export target this year. Although shrimp export volume decreases, shrimp export value may still reach US$2 billion as targeted because shrimp price is now high.

Source: VASEP

Chile salmon sales strongly raised in Vietnam

Tuesday, June 21st, 2011

The Chilean Export Promotion Bureau (ProChile) said the country considered Viet Nam as a promising market for Chilean seafood, especially salmon.

According to ProChile, this nation is more and more being potential because of the tendency of Western food consumption habits of local people and a large number of foreigners living here.

Moreover, Vietnam has the high demand of importing raw salmon for processing and re-exporting to Japan and EU markets. Currently, 80 percent of salmon imports are processed for re-export while only 20 percent are sold in the domestic market. Chilean salmon represents 70 percent of imported seafood in Vietnam.

Source: VASEP