Lobster exports skyrocket in first half
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Lobster exports rose 30 times year-on-year in the first six months of the year to US$130 million, according to the Vietnam Association of Seafood Exporters and Producers.
Besides, surging global demand has caused the prices of some lobster species to double.
Tropical rock lobster has risen to VND1.7 million ($73) a kilogram and scalloped spiny lobster to VND1.4 million.
Exports of shrimp products also rose in the first half, with shipments of processed whiteleg shrimp going up by 17 percent and those of black tiger shrimp by 20 percent.
They fetched $2.3 billion, up 33 percent from last year. Shrimps account for 40 percent of Vietnam’s seafood exports.
Shrimp exports to China, where production is affected by Covid restrictions, doubled to $275 million in the first five months.
VASEP said Vietnam’s shrimp exporters face challenges like supply shortage and inflation but are coping by expanding farming areas and focusing on more demanding markets.
Questions & Answers
Q.Which specific types of lobster saw significant price increases?
Which specific types of lobster saw significant price increases?
The prices for tropical rock lobster and scalloped spiny lobster have notably increased. Tropical rock lobster is now VND1.7 million a kilogram, while scalloped spiny lobster has reached VND1.4 million a kilogram.
Q.What is the total value of all shrimp products exported in the first half of the year?
What is the total value of all shrimp products exported in the first half of the year?
Exports of all shrimp products, including processed whiteleg shrimp and black tiger shrimp, collectively fetched $2.3 billion in the first six months. This represents a 33 percent increase from the previous year.
Q.What challenges are Vietnam's shrimp exporters currently facing?
What challenges are Vietnam's shrimp exporters currently facing?
Vietnam's shrimp exporters are contending with supply shortages and inflationary pressures. They are addressing these issues by expanding farming areas and concentrating on more demanding international markets.
Q.How much do shrimp products contribute to Vietnam's total seafood exports?
How much do shrimp products contribute to Vietnam's total seafood exports?
Shrimp products constitute a significant portion of Vietnam's overall seafood exports. They account for 40 percent of the total value of all seafood exported by the country.
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