Shrimp farmers in the Mekong Delta are facing difficulties after prices have plummeted due to falling global demand due to the COVID-19 pandemic (Photo: VNA)
Can Tho (VNS/VNA) - Shrimp prices haveplummeted in the Mekong Delta since global demand has been hit severely by theCOVID-19 pandemic.
For instance, white leg shrimp of 100 shrimp per kilogrammesize now cost 5,000 – 70,000 VND (2.74 - 2.95 USD), around 20,000 – 25,000 VND lessthan a year ago.
The price of giant tiger shrimp in Ca Mau province hasdecreased by 40,000 – 70,000 VND compared to just a week ago.
Chau Cong Bang, deputy director of the province Department ofAgriculture and Rural Development department, said in the last 10 days theprices of shrimp are falling due to European markets being affected by thepandemic.
Many seafood exporters said their shrimp orders have fallenby 30 – 50 percent, according to Sai Gon Giai Phong newspaper.
Farmers are being advised to stay calm, follow the latestdevelopments and weather changes, sell their goods to distributors and traderswho offer market prices and do not resort to panic selling.
Farmers who have completed their harvest are advised toconsider carefully before beginning a new shrimp crop or temporarily switch tofarming something else./.
The Mekong Delta province of Kien Giang plans to increase the area under industrial and semi-industrial shrimp farming models to 3,200ha and annual output to 28,000 tonnes this year, according to its Department of Agriculture and Rural Development.
Fishermen in coastal communes of Duy Hai and Duy Nghia in the central province of Quang Nam are happy with the ongoing bumper ruoc bien (sea shrimp)-season, as a fishing boat can earn a few million of dong per trip.
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As shrimp exporters and farmers in Ca Mau are feeling COVID-19 headwinds, the southernmost province is seeking ways to mitigate impact of the pandemic that is ravaging around the world.
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Shrimp farmers in the Mekong Delta are facing difficulties after prices have plummeted due to falling global demand due to the COVID-19 pandemic (Photo: VNA) 
