Shrimp surplus stresses sellersThe country’s shrimp export business could be in for a tough year, due to sharp rise in global supply and a drop in market price. But Hoe warned that due to increasing international supply and stored surplus, the global price for shrimp may not meet producers’ expectations in 2018. He said that the Vietnamese shrimp industry is also facing other challenges, especially in the US market. Currently, Vietnamese shrimp exports to the European market are gaining the upper hand, as its main competitor of Indian shrimp is loosing favour due to overuse of antibiotics and subsequent threats of an import ban. The country’s shrimp export turnover to Japan is also on the rise due to high demand, and improved product quality and processing methods.