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    Home > Food News > Food Articles > Vietnamese lobster prices plummeted!

    Vietnamese lobster prices plummeted!

    • Last Update: 2022-05-19
    • Source: Internet
    • Author: User
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    Lobster is a large-scale marine aquaculture species in Vietnam, concentrated in Phu An and Khanh Hoa provinces
    .
    Currently, there are about 140,000 lobster cages in the two provinces, producing about 2,000 tons
    .
     
    In the past two months, China's border closures over fears of the coronavirus have prevented export of large quantities of lobster, while many new shrimp farmers have been hesitant due to rising seed and fuel prices , resulting in higher shrimp farming costs
    .
     
    Before the Spring Festival, the price of the first-class Splendid lobster was 2.
    1 million VND/kg, and the blue lobster was more than 1 million VND.
    Now the price of the first-class Splendid lobster over 1 kg/head is less than 1.
    2 million VND/head; The price of lobster is VND 630,000/kg
    .
    Prices fell, but it was difficult for fishermen to sell because traders almost stopped buying exports nearly three months ago
    .
     
      In the provinces of Phu An and Khanh Hoa, the annual production of Splendid Lobster and Green Lobster is about 2,000 tons
    .
    The cost per lobster cage per day is VND 80,000 to 150,000 per day
    .
     
      In the large-scale lobster farming area in Phu An, Khanh Hoa province, families keep at least 50 cages and as many as 300 cages
    .
    Therefore, if the frozen lobster market lasts for a long time, the daily cost of lobster feed is a burden for fishermen
    .
     
      Currently, 80% of lobster products are exported to China, while only about 20% are consumed in the domestic market
    .
    People are too dependent on one market
    .
    Therefore, how to officially export lobster and export it to other countries is a problem facing localities, businesses and the seafood industry
    .
     
      Recently, the Splendid Lobster in Phu An was awarded the title of geographical indication protection by Vietnam
    .
    This is an opportunity to help Phu An province expand the consumption market of Splendid Lobster and improve the quality and value of commercial shrimp
    .
     
      Songcao Town, Phu An Province has about 774 hectares of lobster farms, the main shrimp species are Splendid Lobster and Green Lobster
    .
    When the commodity Splendid Lobster is identified, the GI is an important condition to increase the value of the product
    .
    As a result, local authorities are pushing for lobster associations, community farming groups and many solutions to support shrimp farmers
    .
     
      Phu Yen currently has more than 2,200 households farming Splendid Lobster with nearly 35,000 commercial cages with an estimated production of 150 tons per year; the annual revenue is about VND 3,000 billion
    .
     
      Recently, "Youth Daily" reported that a company in Ho Chi Minh City has signed a contract to officially export up to 2,000 tons of live lobsters to Kunming City (China) from now until April 2023
    .
    This is the largest official lobster export contract ever made by a domestic company
    .
    Lobster farming
     
      In the past two months, China's border closures over fears of the coronavirus have prevented export of large quantities of lobster, while many new shrimp farmers have been hesitant due to rising seed and fuel prices , resulting in higher shrimp farming costs
    .
    price
     
      Before the Spring Festival, the price of the first-class Splendid lobster was 2.
    1 million VND/kg, and the blue lobster was more than 1 million VND.
    Now the price of the first-class Splendid lobster over 1 kg/head is less than 1.
    2 million VND/head; The price of lobster is VND 630,000/kg
    .
    Prices fell, but it was difficult for fishermen to sell because traders almost stopped buying exports nearly three months ago
    .
     
      In the provinces of Phu An and Khanh Hoa, the annual production of Splendid Lobster and Green Lobster is about 2,000 tons
    .
    The cost per lobster cage per day is VND 80,000 to 150,000 per day
    .
     
      In the large-scale lobster farming area in Phu An, Khanh Hoa province, families keep at least 50 cages and as many as 300 cages
    .
    Therefore, if the frozen lobster market lasts for a long time, the daily cost of lobster feed is a burden for fishermen
    .
     
      Currently, 80% of lobster products are exported to China, while only about 20% are consumed in the domestic market
    .
    People are too dependent on one market
    .
    Therefore, how to officially export lobster and export it to other countries is a problem facing localities, businesses and the seafood industry
    .
     
      Recently, the Splendid Lobster in Phu An was awarded the title of geographical indication protection by Vietnam
    .
    This is an opportunity to help Phu An province expand the consumption market of Splendid Lobster and improve the quality and value of commercial shrimp
    .
     
      Songcao Town, Phu An Province has about 774 hectares of lobster farms, the main shrimp species are Splendid Lobster and Green Lobster
    .
    When the commodity Splendid Lobster is identified, the GI is an important condition to increase the value of the product
    .
    As a result, local authorities are pushing for lobster associations, community farming groups and many solutions to support shrimp farmers
    .
     
      Phu Yen currently has more than 2,200 households farming Splendid Lobster with nearly 35,000 commercial cages with an estimated production of 150 tons per year; the annual revenue is about VND 3,000 billion
    .
     
      Recently, "Youth Daily" reported that a company in Ho Chi Minh City has signed a contract to officially export up to 2,000 tons of live lobsters to Kunming City (China) from now until April 2023
    .
    This is the largest official lobster export contract ever made by a domestic company
    .
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