(vasep.com.vn) Bumper shrimp demand and prices are paving the way for India to hit record seafood exports, reported the country’s Economic Times.

(vasep.com.vn) In August 2013, Phu Cuong Seafood Processing and Import Export (Phu Cuong Jostoco Corp) sold 66.4 MT of shrimp products abroad to bring back US$574.5 thousand of revenue. In the first eight months, shrimp exports were 934.8 MT and US$8,6 million.

(vasep.com.vn) Vietnam shrimp exporters are facing shortage of raw shrimp for processing to meet increasing orders in the year end from foreign customers because farmers are keeping shrimp in ponds and wait for higher price. This causes adverse effect on shrimp exporters.

The Indian seafood sector appears to be well on course to achieve $4.3 billion worth export targeted for the current year, spurred by high demand for cultured shrimps from the US and South East Asia.

This is 23 percent off the trajectory for 2013 based on the past decade, he said. Up until two years ago, global output was growing at a 5 percent rate each year, but it dropped 6.7 percent between 2011 and 2012 and 9.6 percent between 2012 and 2013, to about 3.5 million metric tons.

(vasep.com.vn) Vietnam’s whiteleg shrimp production and exports in 2013 are hoped to be speeded up thanks to global market’s high demand for cheap and small shrimp and sharp fall in shrimp output from Thailand-the leading supplier of whiteleg shrimp.

(vasep.com.vn) Shrimp price in Bac Lieu province is climbing up due to high demand from dealers.

(vasep.com.vn) Being the largest shrimp farming province of Vietnam with 266,000 hectares of shrimp farming area, Ca Mau province demands 16-18 billion of shrimp seed for stocking. However, the province can meet only 40 percent of local farmers’ seed demand.

The early mortality syndrome (EMS) crisis triggereda trade flow shift from west to east, Gorjan Nikolik, seafood analyst at Rabobank,told the audience at GOAL 2013, while presenting the key findings of a recent study on the global shrimp market.

Exports of Mexican shrimp into the United States might see an incredible drop this year, from a market value of $15 million (€11.1 million) last year to a projected $8 million (€5.9 million) this year, Bill Hoenig, vice president at shrimp producer Delta Blue, told IntraFishduring the coffee break.

The imposition of an indefinite ban on importing live shrimp sees exporters cash in on Philippines “uniquely” disease-free status.

The demand for shrimp from Bangladesh has increased significantly in the United States and European markets over an epidemic that attacked farms in China and other Southeast Asian countries.

There are no records of legal introduction of broodstock, says shrimp expert.

(vasep.com.vn) So far this year, Ca Mau – a province in Mekong Delta - totaled 339,765 MT of fish production, fulfilling 80 percent of yearly plan, up 3.2 percent over 2012. Its shrimp output was 114,215 MT.

(vasep.com.vn) During the past 5 years, this is the first time the U.S. has surpassed Japan to be the largest buyer of Vietnam shrimp. Shrimp sales to the U.S. so far have increased partly thanks to tremendous and continuous increase in shrimp price in the U.S. market in the past 9 months of 2013.