Vietnam Shrimp Market Update: Oct 27, 2021
Raw material landings for both Vannamei and Black Tiger have dropped this week from Vietnam shrimp suppliers. Exporters are seeing prices in Vietnam continuing to rise.
In the Mekong Delta, prices of Vannamei raw material for 30-count HOSO increased $0.22 reaching $7.12/kg while prices for 60-counts inched higher to reach $5.11/kg. Prices for 100-counts remained stable at $3.89/kg.
In Ca Mau, prices for black tiger from shrimp suppliers also increased especially for 30-count HOSO and 40-counts, which are now at $8.74/kg and$ $7.21/kg respectively.
Due to the recent uphill trend in prices, many farmers are encouraged to restock right after harvesting. Demand is high for larger sizes of shrimp.
While the overall COVID-19 situation in Vietnam is improving, the situation in the processing plants remain difficult as most plants still operate at a limited capacity so exporters are impacted. Vaccination rate remains low which also affects the number of people allowed to work in the factories. There are more cases of COVID-19 in many provinces espcially in Mekong Delta area for the last two weeks. However, generally the situation is favourable for stable production and higher capacity of factories.