Shrimp farmers should increase product quality: experts

10:55 | 27/08/2015 Society

Experts advised shrimp farmers to produce high-quality products with competitive prices to weather the current declining exports during a workshop in Ho Chi Minh City on August 24.

Shrimp farmers should increase product quality: experts

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnamese shrimp has been present in 96 markets worldwide, with the US, Japan and the EU being the most important ones.

Currently, Vietnam still remains the leading supplier of tiger prawns to the Japanese market despite fewer orders, sparked by economic recession, from the importer since 2014, she noted. In the US market, Vietnam ranks third among the exporters. However, it is facing fierce competition from Indonesia and India. 

Meanwhile, in the EU, Vietnam is the fourth largest shrimp supplier. The recent signing of a free trade agreement with the Union is expected to create a competitive edge for Vietnamese shrimp in the coming time. 

Jiro Takeuchi, Director of the Uhrenholt global seafood company, said after Thailand, Vietnam is the sole country being capable of competing in the segment of shrimp products with high added value. Nevertheless, Vietnam needs to strictly manage the shrimp preservation and improve the system to trace the origin of the products for sustainable development, he suggested. 

According to the Vietnam General Department of Fisheries, high-quality products meeting food safety are much sought after in many markets across the globe. Therefore, organic products with competitive prices will be a solution for the local shrimp sector towards sustainable development. 

Vietnam is now home to over 708,000 hectares of brackish shrimp breeding, which give a yield of over 657,000 tonnes. 

The VASEP forecasts that from now to the yearend, if the market situation is not improved, Vietnam could rake in only US$3.2 billion from shrimp export, a year-on-year drop of 17%./.

Source: VNA