Situation of shrimp and pangasius market in May 2020
Pangasius exports in South America, Middle East and Asean reached zero in the first 12 days of May 2020, sharply fell in the US and EU and slightly decreased in China compared to May 2019.
At the same time, Vietnam’s major pangasius producing companies increased working days from the previous month while prices of pangasius material remained low at 18,000-18,200 dong/kg, the lowest number in the last ten years. Prices of pangasius broodstock size 30 pcs/kg in the Mekong Delta dropped 1,000-2,000 dong/kg. The pangasius material market in the Mekong Delta in early May 2020 was dull. The sluggish demand for pangasius material in the domestic market is attributed to dull exports in the first half of May with a few new orders and large amounts of stockpiles amid low export prices.
Prices of white leg shrimp material fell in May when some factories increased their stockpiles while exporting slowly. And yet, shrimp prices are supported by slowly recovering supply sources. The farm gate price of white leg shrimp size 100 pcs/kg was 95,000 dong/kg as of May 21, 2020, slightly up 8,000 dong compared to May 13, 2020.
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