Vietnam’s shrimp export activity is expected to pick up in 2021
By: Date: 2021-01-11 Categories: Internationalfood Tags: ,
  (People’s Daily) 2020 is a year full of uncertainty for the shrimp and aquatic processing and export industries in Vietnam. Despite the need to deal with the impact of the new crown pneumonia epidemic on the one hand and the fluctuation of domestic raw material sources on the other, Vietnamese shrimp processing and export companies are still striving to make shrimp exports reach 3.85 billion US dollars, a year-on-year increase of 15%. At present, various companies continue to work hard to resolve the difficulties, so that the shrimp industry will see improvement in 2021.

   At the end of 2020, shrimp prices will increase, but shrimp raw materials are lacking. The reason is that this stage is also the end of the shrimp harvest season in the Jiulong River Delta. The epidemic has had a huge impact on production activities in many countries. At the same time, the demand for food consumption still exists, and the supply is smaller than before. Therefore, the export price of shrimp has increased, causing the price of domestic raw shrimp to soar.
   However, according to the company’s evaluation, whether shrimp prices can maintain a high level in the first few months of 2021 depends largely on the world’s supply and demand.
  According to the evaluation of aquatic product export companies, in order to respond to the impact of the epidemic, it is necessary to achieve product diversification and flexibly develop the market. Under the conditions of responding to the epidemic, it is necessary to shift from processing superior products to serving market demand.
   Liu Huangli, director of the Department of Agriculture and Rural Development of Bac Lieu Province, said that at present, many processing and export enterprises in the province have begun to concentrate on processing products such as sea shrimp, sea fish and cuttlefish, while processing products serving the fast food field for domestic sales The market provides services.
  In addition to opening up new markets, shrimp export companies in the province still maintain traditional export markets, such as Japan, the United States, South Korea, Taiwan, and the Middle East, while opening up other new markets in Asia. In addition, the”Vietnam-EU Free Trade Agreement” that took effect in early August 2020 has brought many opportunities for shrimp exporters.
   Zhang Tinghuo, secretary general of the Vietnam Aquatic Products Processing and Export Association, said that in order to improve the production and quality of shrimp, it is necessary to make Vietnamese shrimp unique, enhance the competitiveness of shrimp, and persuade customers to buy Vietnamese products at high prices. (End)