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VietNamNews

Shrimp exports decline by 4.8%

Update: December, 20/2012 - 10:18

 

Harvest shrimp in Quang Ninh Province. — VNS Photo Quang Quyet
HCM CITY (VNS)— Shrimp export value declined 4.8 per cent for the first 11 months of the year compared to the corresponding period last year, according to the Viet Nam Association of Seafood Exporters and Producers.

Of Viet Nam's top 10 biggest shrimp export markets, exports to the US fell by 16.1 per cent; to the EU, by 25.2 per cent; and to Canada, by 13.8 per cent. Value also fell in Switzerland by 13.8 per cent and in the ASEAN market by 21.5 per cent.

Next year, the shrimp industry is expected to continue to face difficulties such as disease outbreaks, the shortage of quality shrimp fries and fewer bank loans for production.

The US imported only 381,425 tonnes of shrimp in the first nine months of the year, down 5.7 per cent against the same period last year, according to the US National Marine Fisheries Services.

In recent months, Japan has applied a limit on ethoxyquin residue of 0.01ppm on Vietnamese shrimp, resulting in a drop in exports.

Ethoxyquin is a substance used in the preservation of fish meat, and most countries applied a maximum residue limit of 77-150ppm.

Vietnamese shrimp exports to Japan in the first 11 months of the year increased by 6.3 per cent during the same period last year.

The growth rate fell significantly compared to a monthly growth rate of more than 20 per cent in the first few months of the year.

The Ministry of Agriculture and Rural Development is working with Japan to ask the latter to reconsider the maximum residue level of ethoxyquin. — VNS

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