Vietnam Shrimp Market Update : November 17, 2016
Vietnam shrimp supplies from now till end of Dec will be short. Main harvest of Vannamei and BT is done. The farming area so far is less than plan of the year. There will be no more new seedings until after new year holidays.
|Plan of 2016||Actual Jan-Sep|
|Farming area||695,000ha||663,000ha (total)|
|Production qtty||680,000MT||374,000MT (total)|
Supplies from Jan to May will not be big different for BT as compared to now. For Vannamei, qtty can be improve by Mid of May when new season starts.
General supplies in 2017 as compared to 2016, it can be more a bit for Vannamei and BT about 5%-10%. Because price of material is good this year. It encourages farmers to do more farming next year.
Determining factors for good supplies are material selling price, disease, weather.
China holds the biggest impact for material price in Vietnam. US, Canada, EU are the key factors for selling market.