Shrimp exports to Canada rise steadily
Ho Chi Minh City — Shrimp exports to Canada as of mid-May had reached US$54.7 million, a 32 per cent increase year-on-year, following steady increases since 2016, aside from a slight dip last year, according to the Việt Nam Association of Seafood Exporters and Producers.
Canada has become a market with high potential for Vietnamese shrimp exports, according to the Việt Nam Association of Seafood Exporters and Producers. – VNA Photo Vũ Sinh
Canada has been buying a large number of warm-water shrimp from Southeast Asian countries, as supply of coldwater shrimp has been falling. Purchases of processed shrimp products are also rising among Canadian consumers, especially for white-leg shrimp.
Việt Nam is Canada's second largest shrimp supplier, and its prices are among the highest of all shrimp suppliers to Canada.
Canada is the sixth largest buyer of Vietnamese shrimp, accounting for 5.7 per cent of Việt Nam's shrimp exports.
According to the association, Canada is diversifying its markets and lowering its dependency on the US. Việt Nam is among the countries with which Canadian businesses would like to do business.
Related news
Shrimp exports expected to increase in coming months Việt Nam’s pushback of the COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, overtaking competitors such as India
Tra fish industry strives to win over domestic consumers An event took place in Hanoi on June 9 to help promote the domestic consumption of tra fish products, a major foreign currency earner that has been hit hard
Vietnamese shrimp industry sees bright prospects after Covid-19 Shrimp in Mekong Delta was traded at VND105,000 per kilogram in May (70 shrimp per kilogram). Some companies in Soc Trang province said they have orders