With those prices, farmers could break even or make low profits, with some even sustaining losses, according to the association. The situation has forced most farmers to stop shrimp production or reduce the quantity of reared shrimp, waiting for prices to recover in the coming months. In 2017, the consumption of shrimp increased on the world market, leading to higher selling prices of shrimp for farmers. From the third quarter, local factories would increase purchasing raw shrimp material due to increasing demand from import markets, leading to higher shrimp prices, they said. Those actions would improve competitiveness of the local shrimp production industry and quality of shrimp products.

Source: VietNamNet News May 30, 2018 02:03 UTC