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Shrimp Exports in the First Half of 2017


Compared to the first half of 2016, the value Vietnam’s shrimp exports in the first half of 2017 rose 15.7% to $1.56 billion.  Of the total, Penaeus vannamei accounted for $955 million, up 20.4%, while P. monodon dropped 5.3 percent to $421 million.


The Vietnam Association of Seafood Exporters and Producers (VASEP) forecast that the value of Vietnam’s shrimp exports will reach $3.4 billion in 2017, up 9 percent over 2016.


In the major shrimp farming provinces of Kien Giang, Ca Mau and Soc Trang, the price of 30-count-per-kilo monodon declined to $7.92 in June 2017 after reaching $10.12 to $10.56 in March.  In June, vannamei prices dropped to $5.90 per kilo for 50 and 60-count-per-kilo sizes from $6.60 in March.


According to VASEP, in the first six months of 2017, Viet Nam’s shrimp export market turned away from the United States and focused on Japan, the European Union and South Korea, where demand was high, and entry costs were low.


Because Australia has lifted its ban on uncooked Vietnamese shrimp,  Vietnamese companies can resume importing raw prawns caught in Australian waters for processing and re-export them to Australia for consumption.


Source:  Vietnam’s Shrimp Exports Earn $1.56 Billion in H1.  July 18, 2017.