Price of material shrimp increases in August

Price of material shrimp, especially tiger prawn, was on the rise in August, said the Ministry of Agriculture and Rural Development (Illustrative photo: VNA)

Hanoi (VNA) – Price of material shrimp, especially tiger prawn, was on the rise in August, said the Ministry of Agriculture and Rural Development. 

The surge is attributed to increasing demand of aquatic product processing plants due to a shortage of material shrimp.

In Bac Lieu, for example, the price of tiger prawn rose 20,000 VND against last month to 215,000 VND while that of white leg shrimp slightly climbed 1,000-3,000 VND to 130,000 VND per kilo.

Raining in August made a huge change in pond temperature, resulting in a drop in salinity level. Sudden change of weather also weakened shrimp’s resistance and growth. 

However, local authorities have increased monitoring of breeding facilities and warning of diseases on aquatic products, ensuring stable growth of brackish water shrimp. 

Breeding areas for brackish water shrimp nationwide reached more than 679,000ha in eight months, a rise of 4.2 percent year-on-year. Meanwhile, white-leg shrimp farms covered 63,000ha and that of tiger prawn was 580,900ha