POST Online Media Lite Edition



 

Vietnam's shrimp exports decrease slightly

Christian Fernsby |
After a sharp decline in August and September this year, Vietnam’s shrimp exports in October 2021 reached nearly the level of the same period last year’s export value of 425.3 million USD, down slightly by 1.5%.

Article continues below




After easing the gap since mid-September, businesses have gradually restored production but faced many difficulties. Currently, the number of COVID-19 infections in the Mekong Delta region tends to increase, putting more pressure on businesses.

in October this year, among the main import markets, shrimp exports to the US, EU, and Korean markets increased; Exports to China continued to decline.

Regarding export products, as of October this year, Vietnam’s vannamei shrimp export value (accounting for 77% of total shrimp exports) increased by 9% while the export value of black tiger shrimp (accounting for 16%) increased by 1.8%, marine shrimp export value decreased by 39% over the same period last year.

In terms of output, in October 2021, whiteleg shrimp production was estimated at 85.3 thousand tons, up 0.4% over the same period last year; Black tiger shrimp was estimated at 33.6 thousand tons, down 0.9%. Raw whiteleg shrimp prices increased in all sizes in the Mekong Delta provinces.

In October 2021, Vietnam’s shrimp exports to the US reached 117.7 million USD, up 19% compared to October 2020. Accumulated in the first 10 months of this year, Vietnam’s shrimp exports to this market reached 892.7 million USD, up 22% over the same period last year.

The US demand for shrimp imports from Vietnam has been quite stable since the Covid-19 pandemic broke out in the world. During the 4th outbreak of a strong outbreak in Vietnam, shrimp exports to the US only decreased in August and quickly recovered in September.

The US demand for big shrimp is recovering, the US also has high demand for fresh/frozen meat (PD) shrimp products from Vietnam. From now until the end of the year, Vietnam’s shrimp exports to the US will continue to increase, this growth momentum will last until the first quarter of 2022.

According to the US National Oceanic and Atmospheric Administration (NOAA), the US imported 74,040 tons of shrimp in September 2021, down 1% compared to September 2020. The value of US shrimp imports continued to increase in September, with a value of 683.06 million USD, up 5% compared to September 2020.


What to read next

Vietnam aims to earn $4.2 billion from shrimp exports
Sustainable Shrimp Partnership celebrates 3-year anniversary
Tremendous decline of Vietnam shrimp sales to the U.S, Japan and EU

U.S.: Heat and possible flooding to start off the week

 
The last few days of The Dog Days of Summer, the period from July 3rd to August 11th, will be coming to an end this week.
 
 

Latest

New Mexico Governor announces financial relief for businesses through Wildfire Grant Program
Diapers and feminine hygiene products no longer taxed in Colorado
China tests fish for coronavirus onboard boat
COVID quarantine for imported processed seafood in Vietnam to be removed

NEWS

Spanish rail operator Renfe suspends bullet train service after cable theft

Collapse of UK NHS dentist practices: People pull out their own teeth without anaesthesia
Renewed heatwave expected across UK
Federal Police of Brazil launches operation to dismantle illegal fishing association in Vale do Javari
U.S.: Widespread showers and thunderstorms through midweek
300 soldiers, scuba divers join rescue efforts to try to save trapped Mexican miners
 

BUSINESS

Italy reduces LNG imports due to terminal closure, Gazprom transit request via Ukraine at 41.8 mcm

Felixstowe: Strikes announced at biggest UK port as company fails to make acceptable pay offer
Iran’s export of products to Turkey up 81% in H1
Highlights: August 1, 2022 - August 6, 2022
Riva Wind and Arizona sail from Ukraine with 105,000 tons of grain
New York: Start of construction on $75 million rehabilitation of public housing in Ithaca
 

Trending Now

U.S.: Heat and possible flooding to start off the week

New Mexico Governor announces financial relief for businesses through Wildfire Grant Program

Veolia to sell Suez's1 UK waste business to Macquarie for €2.4bn

Agreement signed between Nokia, EAI on making Nokia mobile phones in Egypt


POLITICS

Australia to permit offshore wind farms

U.S. Senate approves financial package expected to total more than $700 billion
Iran not to give up on its water share rights
Italy grants Ukraine EUR 200 mln preferential loan for teachers' salaries
Putin, Erdogan agree to switch to ruble payments for Russian gas
China pushing world to climate disaster, cuts some ties with U.S.
 

Today We Recommend

U.S. Senate approves financial package expected to total more than $700 billion


Highlights 

Avalara to go private in $8.4 billion deal with Vista Equity

Pfizer to acquire Global Blood Therapeutics for $5.4 billion

Emerson to sell InSinkErator to Whirlpool for $3 bln


COMPANIES

Agreement signed between Nokia, EAI on making Nokia mobile phones in Egypt

Accord Healthcare launches generic doxorubicin pegylated liposomal concentrate
Avalara to go private in $8.4 billion deal with Vista Equity
Siemens Energy starts restructuring business in Russia, plans to complete exit in fall
Pfizer to acquire Global Blood Therapeutics for $5.4 billion
Emerson to sell InSinkErator to Whirlpool for $3 bln
 

CAREERS

Horizon Bancorp appoints Thomas M. Prame as president

Encora appoints Deepak Bhandari as EVP, head of corporate development
Firmenich: Maurizio Clementi interim president of taste and beyond division
Joyce Farms appoints two new leaders
Shore Bancshares appoints Esther A. Streete as director
Liberty Group Construction Services appoints Jeffrey VanderVorst as EVP
 

ECONOMY

EU trade in services balance hits €133 billion in 2021

Japan's current account shrinks 63.1 pct in H1
Bulgaria's GDP reached record 68 billion euros last year
Oman posts $2 billion surplus in H1
Germany: Industrial production rebounds in June
Inflation in Laos rises to 25.6 pct in July
 

EARNINGS

Siemens Energy Q3 orders continued to be strong

Barrick Q2 net earnings per share $0.27
Berkshire Hathaway Q2 net loss attributable to shareholders $43.76 billion
Goodyear Q2 net income more than doubles
Ritchie Bros. Q2 revenue increased 22%
MOL Q2 EBITDA $1.347bn
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Ukraine needs to transport up to 5 mln tonnes of crops per month to export both new and last year's harvest

Equine infectious anemia confirmed at horse facility in Clark County, Nevada
Deadly rabbit disease confirmed in Thurston County, Washington
UDAF issues warning: Rising number of stolen livestock and livestock killings
Take it or leave it: Pakistan offers $390/ton for Russian wheat
Commission approves €110 million Austrian scheme to support agricultural producers
 

LEADERSHIP

If company overcomes post-IPO innovation slump, it will survive longer

62% of consumers will stop buying from brands that compromise products to cut costs
Companies must invest to avoid supply chain scandal or pay the price in lost consumers
How awards, recognition decrease inventors' creativity
Keeping employees is harder than ever. And we don't have good news
How much is 'great resignation' costing companies?
 

CRIME

PwC fined $2 million over BT audit after fraud discovered in Italy

Guardia di Financa finds unregistered foreign company operating in e-commerce
Iowa AG sues tobacco companies over $133 million in withheld payments
AG Bonta announces $15.5 million judgment against Rent-A-Center
Illinois AG Raoul announces agreement with former opioid maker Allergan
AG Shapiro secures preliminary agreement with Teva for $4.25 billion
 

Magazine

TRAVEL

Buffalo Bill is coming to Manitowoc with his Wild West show

Pullman Doha West Bay Hotel opens in Qatar
DoubleTree by Hilton hotel opens in Malaysia
Great Dorset Chilli Festival, the hottest festival in UK
Selina Serenity Rawai Phuket Hotel opens in Thailand
254 Room W Toronto Hotel opens
 

SEA, LAND, AIR

Porsche unveils newest generation of 911 GT3 R

2023 Subaru Crosstrek sells like hotcakes
New Mercedes‑Benz GLC, at home on any terrain
GMC unleashes new 2023 Sierra 1500 AT4X AEV Edition
First BMW M3 Touring presented
Southern Wind Power of 2, just for you and ocean ahead
 

DESIGN

Nobody's Child, everybody's favorite

Freddy WR.UP, pants that hug you in all the right places
Stylishly luxurious house design
Great design ideas that might not work for you
Garden mirrors, explore new views of your garden
Unusual and highly functional lamps
 

GADGETS

Shure MV7 professional dynamic microphone now available in new limited-edition color

Forget streaming services, use McIntosh MR89 to enjoy AM/FM music
Infinix NOTE 12 PRO, first smartphone powered by MediaTek Helio G99
MW75 active noise-cancelling headphones, variety of new features
Parasound JC 1+ mono power amplifier by John Curl, pure delight
Cambridge Audio SX80, stylish loudspeakers for any room
 

HEALTH

At least 12 deaths reported in cholera outbreak in Afghanistan's Jawzjan

Batten disease, a group of fatal genetic disorders
German government supports development of nasal COVID-19 vaccine
Cases of West Nile virus on the rise in Italy
U.S. declares monkeypox public health emergency
South Africa reports first death causally linked to COVID vaccine
 

MEANTIME

Ancient source of oxygen for life hidden deep in Earth's crust

Length of Earth's days has been increasing, scientists don't know why
South Korea launches first lunar orbiter
Bantu speakers crossed through Central African Rainforest 4,000 years ago, changed everything
Webb telescope captures colorful Cartwheel Galaxy
Sadiq Khan launched £3.1m tree planting package to combat climate change