Shrimp Exports Surge in First Half

20 July 2012, at 1:00am

VIET NAM - Minh Phu Seafood Joint Stock Corporation (MPC), Viet Nam's biggest exporter of shrimp products, reported exports of 14.98 thousand tonnes in the first half of the year worth US$179 million, marking a year-on-year increase of 33.8 and 33.3 per cent in volume and value terms respectively.

Of that, the US was the largest buyer with 32.22 per cent , followed by Japan and South Korea, reports VNS.

The corporation is also looking forward to developing the market in China. Its export turnover this year is estimated to reach $1.1 million.

Shrimp material prices in the Mekong Delta have fallen by VND30,000 - 40,000 ($1.4 - 2) to VND130,000 - 150,000 a kilogramme, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP), and demand is decreasing.