Global shrimp price soars rapidly

News 16:45 13/09/2014 502

(vasep.com.vn) Disease outbreak, lack of capital and other difficulties slashed shrimp farming areas in many large producing countries. The decline in shrimp production and supply for global market pushes shrimp price up rapidly.

Reduced supply

In 2013, farmed shrimp production in Asia – the largest shrimp production region in the world – is expected to slide remarkably. Thailand’s prediction reported during the early part of 2013 is that its farmed shrimp output in the whole year will go down by 30 percent compared to that of 2012 as a result of the early mortality syndrome (EMS). EMS spread widely to many farming areas in Thailand from the eastern to the southern part, where is the largest shrimp culture. Even shrimp output can decline for 30 percent to 250,000 MT, according to Thailand’s recent forecast.

Nearly 80 percent of shrimp farmers in the Mekong Delta in southern Vietnam were hit by EMS. Besides, Vietnam shrimp sector also suffer from lack of capital for producing. Farmers can use their cultivated land as a mortgage to get loans from banks, however, they can’t borrow a large amount of money because the value of their mortgage is low. Besides, mass mortalities of shrimps due to disease outbreaks in 2012 caused huge losses among shrimp farmers and stopped them from continuing the next crop.

Shrimp production in China and Malaysia was cut sharply as a result of the spread of EMS. In the first three months of 2013, Malaysia’s farmed shrimp production reached 60,000 MT, showing a sharp decline compared to the same period of the past year (90,000 MT). Official statistics on China’s shrimp output is unreported, however, the increase in shrimp imports into China in recent time proved that there is a severe shortage of raw shrimp in the country.

The shrimp price in the U.S. increased by 13 – 15 percent

The price of black tiger shrimp and whiteleg shrimp in the U.S. market has jumped since the late December 2012 and continued to go up in the first half of 2013. During this period the price of black tiger shrimp increased by 15.6 percent from US$6.4 per pound (in Jan 2013) to US$7.4 per pound (in Jul 2013). Whiteleg shrimp price in the market was also up 13 percent from US$4.10 per pound to US$4.65 per pound.

The price of black tiger shrimp in Japan increased by US$5 per kilogram

According to FIS’s report, shrimp demand in Japan in the first 6 months of 2013 was lackluster, however, the shrimp price in the country surged tremendously due to serious shortage of shrimp supply. Shrimp imports into Japan from India and Vietnam (two main shrimp suppliers for Japan) were refrained due to Ethoxyquin barriers amid the decline in Thailand’s shrimp supply for Japan caused by disease. Although Indonesia and Argentina boosted exporting shrimp to Japan, this can’t compensate the falling of shrimp supply from other suppliers.

The price of black tiger shrimp and whiteleg shrimp witnessed a sharp increase. The shrimp price from India, increased by almost US$5 per kilogram to US$15.95 per kilogram, from US$11.03 per kilogram. The shrimp price from Indonesia rose by US$3 per kilogram.

In Jan-Jun 2013, in Japanese market, the price of Indonesian whiteleg shrimp reported a remarkable advance. HLSO shrimp count 16/20 increased by US$1.8 per kilogram to US$13.1 per kilogram from US$11.32 per kilogram.

The shrimp aquaculture production in 2013 is expected to reduce its volume of production due to EMS on Asian shrimp and white spot virus on shrimp in the Latin American producers. Although global demand for shrimp is gloomy due to economic downturn, shortage of raw shrimp is expected to drive the shrimp price up in the second half of this year.

Bạn đang đọc bài viết Global shrimp price soars rapidly tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietfish 2026 Seminar: Global seafood market trends and the future workforce

| 11:38 05/08/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.

Creating momentum for double-digit growth

| 08:45 30/07/2026

(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.

In the first six months of the year, Ha Tinh province earned over 1.2 trillion VND from seafood exploitation

| 14:55 28/07/2026

(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.

Tuna exports in the first half of 2026: One month of strong growth is not enough to ease mounting pressure

| 08:35 26/07/2026

(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.

Vietfish 2026 Domestic B2B Program: connecting supply and demand to bring high-quality Vietnamese seafood closer to local consumers

| 15:24 24/07/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.

Vietfish 2026 Cooking Show: Telling the story of Vietnamese seafood through culinary experiences

| 15:15 24/07/2026

(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.

Vietnam's pangasius exports reach USD 1.1 billion in the first half of 2026

| 08:16 23/07/2026

(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.

Strengthen control over fishing vessels and trace the origin of harvested seafood.

| 09:34 21/07/2026

(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.

Tilapia Exports Surge but Begin to Slow in June

| 14:45 20/07/2026

(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.

Sa Giang Honored with "Famous Brand - Competitive Vietnamese Brand 2026" Certification

| 14:48 18/07/2026

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).

Global shrimp price soars rapidly

Tin cùng chuyên mục

Shrimp exports in the first half of the year grow despite mounting market and logistics pressures

Ca Mau launches low-carbon shrimp branding project

Vinh Long accelerates the development of high-tech shrimp farming

China’s rising shrimp imports: Expanding opportunities amid intensifying competition

Lobster is on its way to becoming a billion-dollar commodity.

New VND1.5 trillion seafood processing plant inaugurated in Ca Mau