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    Home > Food News > Food Articles > Vietnam's shrimp industry missed the opportunity to seize the market, and Chayu only had 10-20% capacity left

    Vietnam's shrimp industry missed the opportunity to seize the market, and Chayu only had 10-20% capacity left

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
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    Vietnam’s “Herald” reported on August 30 that on August 30, the Vietnam Aquatic Products Processing and Export Association (VASEP) stated that according to VASEP’s survey , all interviewed companies indicated that “3 in situ” was just a reluctant solution
    .
    For the shrimp industry, it has missed the opportunity to seize the market; and the entire fish survey industry has only 10-20% of production capacity left
    .
    Companies that are operating have minimized their processing capacity and managed moderately
    .
    If the situation does not improve, many companies consider suspending production completely before September 15
    .
     
    According to VASEP, so far, the average vaccination rate of new crown vaccine (first shot) for aquatic processing and export companies is 40-50%
    .
    All the enterprises participating in the investigation stated that "3 in situ" is just a stopgap solution for enterprises to maintain production.
    If the government and local governments do not take emergency measures to restore, the entire production chain from breeding-fishing-processing-operation-import and export will collapse.
    Risk
    .
     
    As reflected by shrimp processing companies in Ca Mau, Sau Trang and Bac Lieu (the three main shrimp production areas in Vietnam), due to the complexity of the new crown epidemic, all provinces are implementing social distancing.
    Not only are there difficulties in the circulation of goods, the buying and selling of seedlings, and the catching of shrimps.
    The factory also had to reduce its processing capacity by 60-70%, and at the same time there was a labor shortage, which increased costs
    .
     
    Many businesses believe that the shrimp industry in Vietnam has lagged behind the market, but if localities can control the epidemic and resume production as soon as possible before the end of August, there is still a chance, and shrimp prices can rise back
    .
    If it is later, the opportunity to seize the market this year will be missed
    .
     
    According to VASEP, starting from late July this year, when the epidemic spread from Ho Chi Minh City to western provinces, fish investigation companies were the first to be affected, and half of the companies in some key areas had to close
    .
    Due to the suspension of production or the minimization of production capacity, there is a surplus of fish surveys in the ponds where companies raise fish
    .
    Some fish-checking farming companies take too long to breed, and the high density of fish-checking ponds leads to fish deaths
    .
    At present, it is estimated that only 10-20% of the production capacity of the entire fish investigation industry remains
    .
    Investigation of aquatic product processing and export
     
      According to VASEP, so far, the average vaccination rate of new crown vaccine (first shot) for aquatic processing and export companies is 40-50%
    .
    All the enterprises participating in the investigation stated that "3 in situ" is just a stopgap solution for enterprises to maintain production.
    If the government and local governments do not take emergency measures to restore, the entire production chain from breeding-fishing-processing-operation-import and export will collapse.
    Risk
    .
     
      As reflected by shrimp processing companies in Ca Mau, Sau Trang and Bac Lieu (the three main shrimp production areas in Vietnam), due to the complexity of the new crown epidemic, all provinces are implementing social distancing.
    Not only are there difficulties in the circulation of goods, the buying and selling of seedlings, and the catching of shrimps.
    The factory also had to reduce its processing capacity by 60-70%, and at the same time there was a labor shortage, which increased costs
    .
     
      Many businesses believe that the shrimp industry in Vietnam has lagged behind the market, but if localities can control the epidemic and resume production as soon as possible before the end of August, there is still a chance, and shrimp prices can rise back
    .
    If it is later, the opportunity to seize the market this year will be missed
    .
     
      According to VASEP, starting from late July this year, when the epidemic spread from Ho Chi Minh City to western provinces, fish investigation companies were the first to be affected, and half of the companies in some key areas had to close
    .
    Due to the suspension of production or the minimization of production capacity, there is a surplus of fish surveys in the ponds where companies raise fish
    .
    Some fish-checking farming companies take too long to breed, and the high density of fish-checking ponds leads to fish deaths
    .
    At present, it is estimated that only 10-20% of the production capacity of the entire fish investigation industry remains
    .
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