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Lack of raw materials for shrimp and seafood and market movements in the second half of the year continue to have adverse effects, so it is forecasted that seafood exports in the third quarter will grow slowly, reaching about 3 billion USD.

According to Dr. Ho Quoc Luc - former Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), Chairman of the Board of Directors of FIMEX, there are 3 reasons for the shortage of raw shrimp, including disease, quality of shrimp varieties and water source. However, shrimp exports in 2022 are still forecasted to increase by 10% compared to 2021.

At the end of this year, the source of raw shrimp will not be abundant and prices will certainly remain high. This is the motivation for households with capacity and practical conditions. Although output has not increased or increased slightly and world market prices have not increased, shrimp export sales are certainly about 10% more than last year.

Export sales increased, as shrimp businesses focused on deep-processed products with higher selling prices, and the increase in selling prices was partly due to increased transportation costs.

Ms. Le Hang - Deputy Director of VASEP.PRO Center said, domestic shrimp production and world shrimp demand are forecasted to be negative in the second half of the year. The supply of shrimp from producing countries increased sharply, the import volume of main markets such as the US and EU increased in the first half of the year, leading to an increase in inventories, and a slowdown in demand in the second half of the year.

Meanwhile, domestic shrimp production is facing difficulties due to weather and high costs, so raw shrimp will continue to be in short supply in the second half of the year.

Unlike shrimp, pangasius material is not a big problem, but import demand tends to slow down in some markets. Pangasius exports slowed down in the second quarter of 2022. In July, pangasius exports reached 197 million USD, up 56%, accumulated by the end of July 2022, reaching over 1.6 billion USD, up 79% over the same period in 2022.