Shrimp exports to hit US$3 billion
(VOV) - Shrimp exports dipped 30% to around US$3 billion this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VASEP Secretary General Truong Dinh Hoe said the value of seafood exports in the 11 months leading up to December dropped more than US$1 billion against the corresponding period last year.
Hoe said the shrimp export price has fallen by 30% since mid last year, resulting in a decrease of export revenue.
He also attributed the decline to the farming of white-leg shrimp in India and Indonesia to compete in the world market.
 |
Besides export spurring, trade promotion and market expansion measures, shrimp breeders should take measures to offer competitive prices and control antibiotics in their farming process to ensure food hygiene and safety, Hoe said.
He urged the Ministry of Industry and Trade (MoIT) to take drastic measures to help shrimp farmers maintain exports.
The MoIT should ensure the quality and prices of inputs like feed and by-products to help shrimp farmers reduce production cost and improve competitiveness to stabilise exports, Hoe asked.