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December 17, 2013

Vietnam

Statistics on a Very Good Year for Shrimp Farming

 

According to Vietnam’s Directorate of Fisheries, through November 2013, the shrimp farming area nationwide reached 652,612 hectares—588,894 hectares of giant tiger shrimp (Penaeus monodon) farms and 63,719 hectares of white shrimp (P. vannamei) farms.  In the first eleven months of 2013, Vietnam produced 475,854 metric tons of farmed shrimp—232,853 tons of of tiger shrimp and 243,001 tons of white shrimp.  For the first eleven months of the year, shrimp export revenue is expected to hit $2.8 billion, an increase of 37 percent over the same period in 2012 and representing 44 percent of the country’s total seafood exports.

 

Vietnam has 1,722 tiger shrimp hatcheries that produce 21.3 billion postlarvae a year and 583 white shrimp hatcheries that produce 47.2 billion postlarvae a year.

 

According to Vietnam’s Association of Seafood Exporters and Producers (VASEP), the value of shrimp exports should hit $3 billion by the end of the year.  The record exports are attributed to higher shrimp price and the decline in global shrimp production caused by the EMS epidemic in Thailand, China and Malaysia.

 

In the third quarter of 2013, farmers received $2-$4 per kilogram more for their shrimp than during the same period in 2012.  In the first week of November 2013, the price of Vietnam’s 13/15 count shrimp in Japanese markets increased by $1 per kilogram.

 

From September 2013 to mid-December 2013, monthly export revenues from white shrimp farming were higher than those from tiger shrimp farming.

 

In November 2013, shrimp farmers in Soc Trang Province received $5.64 per kilogram for 100-count, whole shrimp and $8.93 per kilogram for 50-count, whole shrimp.

 

As the result of rising prices and demand, shrimp farmers in Soc Trang are continuing to expand their farms.  In 2013, Saota Foods Joint Stock Company (Fimex VN) invested in a 100-hectare of shrimp farm in Soc Trang and harvested 700 metric tons of shrimp.

 

Source: Vietnam Association of Seafood Exporters and Producers (VASEP) Website.  (1) Shrimp Sector: Good Results for 2013.  Kim Thu.  December 16, 2013. (2) Shrimp Sales to Hit the Record High of US$3 Billion.  Kim Thu.  December 17, 2013.  (3) Soc Trang: Vannamei Price on the Rise.  Kim Thu.  December 17, 2013.

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