Shrimp prices soar in Mekong Delta

Mekong Delta shrimp prices have skyrocketed to the highest levels in nine years, breeders and processing companies in the Delta has said.

Farmers harvest shrimp in the Mekong Delta. Shrimp prices in the delta are skyrocketing, yielding farmers big profits (Photo: SGGP)

In Ca Mau, Bac Lieu, and Soc Trang provinces on June 13, a kilogram of shrimp (numbering 20) fetched VND180,000-200,000 while a kilo containing 30 shrimps sold at VND130,000-150,000.

For smaller shrimp (40 per kilogram), farmers received VND110,000-120,000.

According to Bac Lieu Province Department of Agriculture and Rural Development, shrimp breeders have enjoyed great profits, leaving only a few households with leftover shrimp for sale.

Hosts of factories have faced severe shortages of materials to process for exports.

While shrimp prices have surged, tra fish prices continued plummeting, down to about VND15,000-16,000 a kilogram.

Nguyen Van Dao, director of Go Dang Seafood Company, said that with such low prices, tra fish breeders in the delta are suffering losses of VND500-1,000 for each kilogram of fish sold.

Mr.Dao expressed concern that the tra fish prices would continue sliding as European economic difficulties have made Vietnam seafood exports to this market difficult.

By H.Loi – Translated by Nguyen Mien

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