Developing rapidly whiteleg shrimp farming in Vietnam

Developing rapidly whiteleg shrimp farming in Vietnam

(vasep.com.vn) Farmers in Vietnam, particularly in the Mekong Delta of the country are expanding whiteleg shrimp farming area after earning high profit in 2013 thanks to well-controlled diseases, high price and demand of the species.
Update: (2/20/2014)

In 2013, whiteleg shrimp farming area and production in Vietnam reported a year –on-year growth of 57.9 percent and 50.5 percent, respectively. Soc Trang province, the largest farming region of the shrimp in Vietnam, reported a 10-fold surge to reach 15,686 hectares from 1,500 hectares in 2012. Accordingly, the production rose to 45,500 MT from 13,580 MT of 2012. The farming area and production of the species in QI/2014 are on upward trend and they are expected to continue the trend in 2014.

According to Directorate of Fisheries, through January 2014, farmers stocked 7,034 hectares of whiteleg shrimp and 120,441 hectares of black tiger shrimp. Through QI/2014, these figures are expected to report 23-fold growth to 162,397 hectares of whiteleg shrimp area and 124,960 hectares of black tiger shrimp.

In 2014, the shrimp sector and management agencies will strengthen controlling diseases and stocking areas to ensure shrimp supply and remain sustainable development.

Surge in global demand and price of whiteleg shrimp

In 2013, the global shrimp price reported record highs. The whiteleg shrimp price reported sharper growth than that of black tiger shrimp. In the year, whiteleg shrimp price in some sizes was equal or even higher than black tiger shrimp in same sizes.

In 2013, global shrimp production declined due to shortage of supply from Thailand and China, two leading whiteleg shrimp producers in the world. Accordingly, the price of the species reported soaring increase of US$4 per kilogram in the U.S. and EU markets and US$3-5 per kilogram in Japanese market. In 2014, the shrimp price may remain high levels due to sluggish supply of the species.

In January 2014, the upward trend in vannamei shrimp price continued in these three markets because harvest season was over.

In the U.S. market, in the early days of 2014, vannamei shrimp price reported high level of US$6.30 per lb and increased to US$6.50 per lb in February.

EU market currently imports whiteleg shrimp mainly from Ecuador because suppliers from Thailand, India and some Central American countries have completed harvesting. In the market, the price of whiteleg shrimp HOSO count 40/50 originated from Ecuador increased to US$9.75 per kilogram until mid January 2014 from US$9.50 of the early January.

Through 20 January 2014, whiteleg shrimp HLSO imported into Japan was US$5 per kilogram higher than that of black tiger shrimp quotation. The black tiger shrimp HLSO count 21/25 from Indonesia was priced at US$10.7 per kilogram while whitteleg shrimp with the same size and origin was quoted at US$15.5 per kilogram in the market.

from Vasep