Shrimp exports to Japan, US in a fix

(VOV) - Shrimp exports to foreign markets are likely to fall in the remaining months of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The association said that exports to Japan - Vietnam’s largest shrimp importer, have kept decreasing after Japan raised the Ethoxyquin alert level to 0.01ppm.

In September alone, the volume of white-legged shrimp exported to Japan dropped by more than 22 percent from a year earlier.

Meanwhile, shrimp exports to the US faced fierce competition from India, Indonesia and Malaysia.

Over the past few days, the price of fresh shrimp in the Mekong Delta has increased sharply from VND5,000 to 15,000 per kilo.

It costs VND215,000-220,000 per kilo (20 shrimp) and VND130,000-VND140,000 per kilo (30 shrimp).