Seafood exports by Vietnam’s Mekong Delta provinces are picking up after a lull caused by the Covid-19 pandemic.
Ca Mau, one of the largest shrimp producing provinces, struggled earlier this year, but exports have been improving recently due to authorities’ support and businesses’ own efforts.
Shrimp exports in the first 10 months of this year were worth over $783 million, six per cent higher year-on-year.
Shrimp export by Bac Lieu province topped $600 million, a five per cent increase.
Huynh Thanh Tan, director of the Ca Mau Seafood Processing and Service JSC, said prices of raw shrimp were down for a long time due to the pandemic, and farmers cut back on production. Recent rains and rising tides also hit shrimp farming, he said.
Shrimp prices are recovering as more businesses are buying, and as a result farmers are resuming farming.
Supply is expected to recover by the start of next year.
Asia News Network