Production costs, diseases, and environmental issues,... have pushed Vietnam's raw shrimp prices higher than other countries.
Shrimp production costs are still high
Vietnam's annual shrimp export turnover reaches about 4.3 billion USD. Vietnam aims to increase shrimp export turnover three times by 2023, reaching 12 billion USD. Vietnam needs to move towards climate-smart agriculture (CSA) to achieve this goal.
Vietnam has become one of the leading shrimp exporters in the world. In 2022, Vietnam's shrimp export turnover will reach 4.3 billion USD, accounting for 15% of the global shrimp export market share. However, Vietnamese shrimp prices are still higher than in other countries, especially India and Ecuador.
There are several reasons why Vietnamese shrimp prices are still higher than other countries, including:
- Shrimp production costs in Vietnam are higher: According to a report by the Ministry of Agriculture and Rural Development, shrimp production costs in Vietnam range from 3.5 - 4.2 USD/kg, while the cost of shrimp production in India and Ecuador is only about 2.7-3 USD/kg and 2.2 - 2.4 USD/kg. The reason why shrimp production costs in Vietnam are higher is due to factors such as High animal feed prices, increased labor costs, farm investment costs, and complex equipment,...
- High demand for shrimp imports from Vietnam: In 2023, demand for shrimp imports from major markets such as the US, China, EU,... increases sharply. This has caused Vietnamese shrimp prices to increase higher than other countries.
- Higher quality of Vietnamese shrimp: Vietnamese shrimp is highly appreciated for its quality, especially for freshness and flavor, contributing to the increase in Vietnamese shrimp prices.
The big challenge that Vietnam's shrimp industry is facing
Vietnam's shrimp industry is facing many challenges, of which the two biggest challenges are disease and the environment.
Common shrimp diseases in Vietnam can cause heavy damage to the shrimp industry, reducing productivity and product value, including white spot disease, white feces disease, yellow head disease, black spot disease, etc. These diseases can spread quickly, causing mass deaths of shrimp in ponds.
The cause of the disease can be due to the invasion of viruses from many different sources, such as from breeds, food, water, etc. Inappropriate environmental conditions, such as temperature, salinity, and pH,... create favorable conditions for developing dangerous pathogens.
In addition, unsafe farming techniques, such as using too high a stocking density, not cleaning ponds regularly,... lead to a higher risk of infected shrimp than usual.
In addition, intensive shrimp farming in Vietnam has caused many environmental problems, such as water pollution, land degradation, etc., all originating from the process of using food, drugs, chemicals, etc. Discharging wastewater from ponds into the environment, and using land inefficiently,... directly affects human health and the natural environment.
(tepbac.com)
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