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Shrimp exports predicted to sustain growth in April

Shrimp exports are projected to increase by 20 percent on-year in April, the Vietnam Association of Seafood Exporters and Producers (VASEP) has said.
Shrimp exports predicted to sustain growth in April ảnh 1Illustrative photo (Source: VNA)
HCM City (VNA) – Shrimp exports are projected toincrease by 20 percent on-year in April, the Vietnam Association of SeafoodExporters and Producers (VASEP) has said.

The prediction is based on strong growth recordedin March which brought the total export value of the product in the firstquarter to more than 900 million USD, a yearly rise of 37 percent.

Also, the current period is the time for European and USmarkets to prepare food supply for consumers during the summer holiday as wellas stockpiles for the fall.

Hoang Van Duy from the Mekong Seafood Connection limitedcompany said the demand for shrimps will get higher in Europe, the US, andmarkets needing food supply for summer.

Vietnamese farmers will continue to benefit from the marketrecovery and the world’s demand, he added.

Tran Van Linh, chairman of the board of directors at the ThuanPhuoc Seafoods & Trading Corp., said to serve orders from clients in theUS, the EU, Japan, and the Republic of Korea in the time to come, his companyis getting its resources ready to expand investment and develop a 200-ha shrimpfarming area in Ben Tre province's Ba Tri district and in the northern area of the Hauriver.

Also in response to the increasing market demand,many farmers in the Mekong Delta have increased their investment in farming techniquesand technology serving export.

Statistics of the Ministry of Agriculture andRural Development show Vietnam’s shrimp farming area is currently over 740,000hectares, with output topping 900,000 tonnes per year. Although the area only increased by about 1.5 percent annually, the yield grew sharply by 10 percent a year./.
VNA

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