Vietnam: testimony on raw material shortage, Shatico

Ending 2010, the total exported seafodd volume of South Ha Tinh SeaProduct Import and Export JSC (Shatico) only reached 80% compared to the proposed plan by Mr. Nguyen Manh Tuong – Director Shatico said, in 2010 the company had many difficulties in raw material, labor and markets

In 2010, the export price for sushi – a key item of Shatico was better than the previous year and Japan’s demand for this product also was more positive. However, the company was still hungry for raw material although trying to purchase throughout the central provinces such as Nghe An, Quang Binh, Ha Tinh, etc.

Thus, the company actively sought and imported seafood from neighbouring countries like Indonesia and Malaysia, but the price was so high due to suffering from the fierce competition of Chinese traders.

Also this year, whiteleg shrimp supply in the Central was rich. However, Shatico must hang up the further development plan on this export item because of no output. In 2011, Shatico will boost to export sushi to Japan and try to find the output for the central whiteleg shrimp



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