Shrimp exports to UK plunge slightly

Shrimp exports to UK since the beginning of June has dropped slightly to just US$6.8 million, down 27.7% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Shrimp exports to UK plunge slightly.

In the UK market, Vietnam shrimps have to compete fiercely with those from India in terms of prices. In recent years, India has increased its market shares in the EU markets, especially the UK. Shrimp exports to the UK in June are estimated to dip slightly due to fluctuation in exchange rates.

Thus, shrimp exports began going down in June after enjoying a quite high growth early this year.

The VASEP reported that in the first five months of this year, shrimp exports to the UK rose 21.6% to US$44 million to meet the market’s high demand for warmwater shrimps as supplies of coldwater shrimps decreased and their prices increased.

tin nhap 20160713144519 Fish deaths did not impact exports: VASEP

Recent mass fish deaths in the central provinces of Hà Tĩnh, Quảng Bình, Quảng Trị and Thừa ...

This is the first time in the last three years that the export revenue of warmwater shrimp is higher than that of coldwater shrimp.

Source: VOV

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