Shrimp and pangasius market recap White leg shrimp’s prices on rise in April
The social distancing has been removed since April 22, resulting in expectation in growing demand in domestic shrimp. The pangasius material market is still flat.
Prices of pangasius material in the Mekong Delta in Mar 2020 ranged at 18,000-18,200 dong/kg. Companies maintain their production at the rate upon the reduction since early April 2020. Demand in pangasius experienced a downward trend in early April, prices were more stable than the previous month. Besides, in this month the market of pangasius material in the Mekong Delta was flat due to the drop in orders from most importers. Meanwhile, sales of Vietnamese pangasius to the US are low and saw a slump in two weeks, Mar 25-31 (-40%) and April 01-04 (-50%). In the first quarter of 2020, pangasius exports to the EU market decreased slightly by 5% in quantity but it saw a slump in value compared to the same period last year. The US and EU are two epicenters of the coronavirus pandemic.
On the other hand, in April 08-14, 2020, pangasius exports to China increased by 33% through seaway but decreased sharply by 43% through border gates compared to the same period last year.
Prices of white leg shrimp continue to rise in the Southwest. In particular, white leg shrimp material size 100 pcs/kg had been once sold at 73,000-75,000 dong/kg and size 30 pcs/kg was at 128 thousand dong/kg, they were inching up in early April. In particular, size 15 pcs/kg was sold at 244 thousand dong/kg, size 20 pcs/kg was at 202 thousand dong/kg, size 25 pcs/kg was at 169 thousand dong/kg, size 30 pcs/kg was at 132 thousand dong/kg and size 100 pcs/kg was at 90 thousand dong/kg.