The Logistician
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
The Logistician
No Result
View All Result
Home Industry Comodity

VASEP: Bright opportunities for Vietnam’s shrimp export after COVID-19

If COVID-19 pandemics is well controlled in the end of 2nd quarter, 2020 and the worldwide market is gradually rehabilitated, Vietnam shrimp products may have a bright prospect after the crisis.

18/05/2020
in Comodity
VASEP: Tôm Việt Nam có nhiều cơ hội xuất khẩu hậu COVID-19
25
SHARES
52
VIEWS
Share on FacebookShare on Twitter

According to VASEP, while fisheries export encounters a slight decrease compared to the same period last year, there has been a positive signal in shrimp export in the first quarter with a slight increase.

In the first quarter, the total export of Vietnam shrimp to the US market has been valued at $115.5 million – an 18.2% rise against the same period in 2019.

America has been the second-largest Vietnam shrimp importing market, with 18.4% all shrimp export turnover – second only to Europe. However, the current severe COVID-19 has shut down almost all importing activities of this major market, including shrimp products. The demand for fishery products has also gone down due to social lockdown.

Fortunately, it is assured that all retailing stores in America have still processed the procurement of “essential” products to meet the residents’ high demand. Considering shrimp supplies from India, Ecuador, and Thailand being seriously hit by the epidemic, many Americans have gone for Vietnam’s shrimp products.

About other shrimp export competitors to the US

India

The largest shrimp exporter of America is definitely India, which is struggling with COVID-19 and has posed a social lockdown order, effective from March 23rd to May 18th. The current status in India has negatively affected its manufacturing activities, including shrimp products (main harvesting season is in the summer).

Indian shrimp farmers are facing difficulties in sourcing suppliers and delivering seed shrimp. Certain shrimp processing plants must be operated with only 50% of all human resources and prices of seed shrimp have a record low, which may possibly affect the supplies.

Ecuador

Shrimp export from Ecuador to the US is expected to decrease in Mar 2020, also because the COVID-19 pandemic in this country has greatly aggravated the shrimp production process.

Many shrimp manufacturing plants are located in Guayaquil – Guayas province, which is seriously suffering from COVID-19. Some companies are about to go bankrupt if there is no positive sign. Meanwhile, the government has not provided any support for this field.

About Vietnam shrimp market

In the domestic market, from the beginning of April 2020, seed shrimp prices in Cuu Long Delta has witnessed a quick recovery, together with other fisheries products.

It is reported that the overall prices for shrimp products have gradually risen. Specifically, at the end of April, whileleg shrimp’s price ranges between 95,000 and 100,000 VND for 100 shrimps per kg, which has increased by 15,000 – 20,000 VND/kg compared to 3 months ago. The price for giant tiger prawns (30 shrimps per kg) is valued at 200,000 to 230,000 VND – a rise of 30,000 to 40,000 per kg. In the meantime, the price for small-sized whiteleg shrimp in Bac Lieu has seen an increase of 20,000 VND per kg.

Potential problems

According to VASEP, although the price for seed shrimp has positively gone up, due to draughts, salinization, diseases, and the complicated status of COVID-19 in major markets, farmers are worried and hesitant to process manufacturing. A shortage of shrimp products is completely possible when the market is recovered.

The 2020 harvest for brackish-water shrimp is still long, and there have been more and more positive signals for the market when many countries, such as China and Korea, have efficiently controlled the pandemics.

Moreover, Vietnam may greatly benefit from EVFTA with the EU market, which will possibly come into effect in July 2020. Vietnam, then, will enjoy 0% import tax on seed shrimp to EU – a big competitive advantage over other export markets like India, Ecuador, and Thailand.

However, there are still many challenges that Vietnam shrimp manufactures may be confronted with. Therefore, all the suppliers and farmers should well coordinate with each other to overcome difficulties and grasp the gold opportunities for a fast recovery.

Translated and edited by: Dandelion

Source: Vietnam Logistics Review
Tags: covid19EVFTAexportfisheryshrimpus
Previous Post

Don’t be caught out with an unseaworthy container – follow this checklist and avoid cargo damage

Next Post

How The Lifting Nose On A Boeing 747 Cargo Plane Works

Related Posts

Vietnam enjoys trade surplus with many FTA partners
Business

Vietnam enjoys trade surplus with many FTA partners

13/01/2021
Lần đầu tiên Ấn Độ xuất khẩu gạo sang Việt Nam sau nhiều thập kỷ
Comodity

India is about to export the first rice shipment to Vietnam after many decades

06/01/2021
Người thắng cuộc thực sự trong cuộc chiến tranh thương mại Mỹ – Trung
Comodity

The real winners of the US-China trade dispute

09/11/2020
Từ ngày 1/8, thực hiện áp dụng mức thuế bảo vệ môi trường
Air

From August 1st, the new environmental protection tariff on jet fuel is officially applied

02/08/2020
Cargo handled at ports grows despite Covid-19
Comodity

Cargo handled at ports grows despite Covid-19

24/07/2020
Samsung Việt Nam hiến kế cho Vietnam Airlines: Dùng máy bay đang ‘đắp chiếu’ để chở hàng
Air

Samsung Vietnam proposed to utilize unused planes of Vietnam Airlines for cargo shipping

18/07/2020

PHỔ BIẾN

Tại sao container rơi xuống biển và ai sẽ là người chịu trách nhiệm? Phần 2: Truy cứu trách nhiệm

Why do containership stacks collapse and who is liable?- Part 2: Legal liability

20/06/2020
Tình trạng khan hiếm container đang trở nên nghiêm trọng ở khu vực châu Á

Container Availability drops across Asia prior to Shipping Peak

17/09/2020
A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

22/05/2020
Vietnam Airlines sẽ bay quốc tế từ 1/7

Vietnam Airlines plans to re-operate international flights from July 1st

12/06/2020

NỔI BẬT

Hai bài học rút ra từ sự cố của con tàu ONE Apus

Two commendable aspects arising from the ONE Apus box collapse

11/12/2020
Hong Kong cấm những chuyến bay của hãng Air India do những lo ngại về Covid-19

Hong Kong Bans Air India Flights Due To COVID-19 Worries

19/08/2020
Sáng kiến “Vành đai và Con đường”: 07 năm và những phản ứng trái chiều

Seven years into China’s Belt and Road

06/10/2020
Vận tải đường sắt Trung Quốc – Châu Âu còn nhiều hạn chế đối với các tuyến từ Anh

China-Europe rail services put on steam, but exporting from UK can be costly

01/07/2020
  • Home
  • Mode
  • Industry
  • Technology
  • Library
  • Contact us
  • Tiếng ViệtTiếng Việt
Email: info@logistician.org

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.