Viet Nam’s shrimp exports declined by 7 per cent to US$162 million to the EU in the first five months of this year. — Photo haiquanonline.vn Viet Nam’s shrimp industry expects to increase exports this year end because of a rise in demand, according to the Viet Nam Association Seafood Exporters and Producers (VASEP). Prices are also expected to be higher from the beginning of the third quarter of 2020 because of lower shrimp inventories in major markets such as Japan, the US and the EU than in previous months. Shrimp supply in China is forecast to decrease due to the impact of shrimp disease. Lockdown in India which lasted until May has affected production, leading to unstable supplies. The pandemic has also affected the raw shrimp supply of Ecuador, Indonesia and Thailand, the association said, so the exports there have reduced by 30 per cent each country. This is an opportunity for Viet Nam to promote its shrimp exports, it said. Farmers are still actively producing raw shrimp to meet enterprises’ demand on material for shrimp export processing. In addition, businesses have also enjoyed government support packages to help them to overcome difficulties caused by the pandemic and take… Read full this story
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