Print This Page


November 20, 2015

Vietnam

Chinese Buyers Control Shrimp Market

 

Chinese businessmen visit every corner of the Mekong Delta to purchase farmed shrimp, and they frequently buy low-quality products that contain impurities.  Nguyen Van, Chairman of the My Thanh Shrimp Cooperative in Soc Trang Province, said Chinese businessmen don’t have high standards, so Vietnamese shrimp farmers prefer selling to them, but, according to Nhiem, “Farmers have to sell shrimp at prices set by Chinese businessmen.”

 

Because so much shrimp is being exported to China, Vietnamese processors find it hard to get enough shrimp to fill their export contracts.

 

According to Tran Van Linh, director of Thuan Phuoc Seafood and Trade Company, many Vietnamese exporters have had their products refused by Japan, the USA and EU because of antibiotic residues.  Therefore, the exporters tend to increase exports to China.  Linh warned that this will do more harm than good to Vietnam.  “They [the exporters] will suffer heavily if China suddenly stops importing seafood from Vietnam,” he said.

 

When asked why China was importing seafood products from Vietnam, Linh said Chinese demand is on the rise because its processing industry needs shrimp to fill its export orders.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Vietnam’s Shrimp Farmers Letting Chinese Buyers Control Market Through Lax Export Standards.  Michael Ramsingh (phone 1-732-240-5330, email michaelramsingh@seafood.com).  November 18, 2015.

 

Print This Page