Vannamet shrimp achieved high output in May 2021

Product Description:

In the context of complicated developments of the Covid-19 epidemic, in general, fishery production still tends to increase due to favorable production conditions and receiving active attention from authorities at all levels to increase the added value of this industry. It is estimated that in the first 5 months of 2021, fishery output reached 3,267.7 thousand tons, up 2.6% over the same period last year, of which aquaculture production reached 1,686.9 thousand tons, up 3.7 %. The estimated production of processed fishery in May 2021 was 260.2 thousand tons, up 7.2% compared to May 2020; in the first 5 months of 2021 was 1,177 thousand tons, up 4.9%. The export value of fishery products in May 2021 was estimated at 750 million USD, up 17.4% over the same period last year; the first 5 months of 2021 reached 3.24 billion USD, up 12%. According to the Directorate of Fisheries, fishery export value increased in most export markets; of which the United States, Japan, China, and South Korea continue to be the top 4 export markets of Vietnamese fishery in the first 4 months of 2021 with export value accounting for 56.1% of total fishery export value of the whole country.

Aquaculture production in May 2021 increased mainly from vannamei shrimp farming. The weather in the Mekong Delta is changing seasons, early rains, favorable shrimp farming areas, and good development. Many shrimp farming models apply new technologies effectively. Shrimp farming households were also more cautious in choosing shrimp varieties, so vannamei disease was better controlled. Vannamei shrimp cultured since before the Lunar New Year has entered the harvest season, intensive and semi-intensive vannamei shrimp farming models are actively developing, bringing high economic efficiency. The estimated production of farmed shrimp in the first 5 months of 2021 will reach 291.1 thousand tons, of which vannamei shrimp production reached 174.2 thousand tons, accounting for 60% of farmed shrimp production and 10.3% of aquaculture fishery production. In May 2021, vannamei shrimp production reached 60.7 thousand tons, up approximately 70% compared to the previous month and 17.5% over the same period last year, accounting for 65.2% of farmed shrimp production and 14.6% of aquaculture fishery production. As of the middle of May, although the vannamei shrimp price had a slight decrease compared to the previous month, but remained at a high level compared to the same period last year. In the Mekong Delta, the price of vannamei shrimp with the size of 100 shrimps/kg was from 88,000 to 94,000 VND/kg, an increase of 3,000-4,000 VND/kg over the same period last year; vannamei shrimp with the size of 80 shrimps/kg was from 98,000 to 104,000 VND/kg, an increase of 4,000-5,000 VND/kg.

According to the Ministry of Agriculture and Rural Development (MARD), the country currently has more than 200,000 hectares of hi-tech shrimp farming, the whole industry has set a target of 740,000 hectares of brackish water shrimp farming area in 2021, with an output of 930,000 tons, and export turnover of 4 billion USD. The MARD also made some requirements to achieve the goal of 10 billion USD in shrimp export turnover by 2025 of the Prime Minister:

鈥 Relevant agencies from central ministries to localities with aquaculture areas need to focus on key solutions for quality management and production of brackish water shrimp seed;
鈥 Seed production establishments and enterprises must comply with the criteria on standards and regulations on seed production to ensure the best quality and disease-free;
鈥 Strengthening the inspection and examination of input breeds as well as reviewing the issuance of certificates of farming areas and rearing establishments under regulations;
鈥 Implement resolutely, strictly handle violations so that the brackish shrimp aquaculture industry has good seed sources, making high-quality products, meeting the export market.

Currently, the world鈥檚 two leading shrimp exporting countries, India and Thailand, are being adversely affected by the Covid-19 epidemic, the loss of control over the spread of the disease on a large scale has caused the supply and ability to export shrimp of these two countries affected, so Vietnam鈥檚 shrimp exports will have a more competitive advantage. If the Covid-19 epidemic is well controlled, Vietnam鈥檚 shrimp export opportunities will increase sharply in the coming time. The fact that China continues to strictly control imported frozen fishery will make it difficult for Vietnam鈥檚 fishery exports to the Chinese market to recover strongly in near future, but this is also an opportunity for Vietnam to change direction. export to other major markets and gain market share from China.