Ca Mau exported shrimp more positively

2010 was the first time that Ca Mau’s shrimp export turnover reach more than US$ 800 million. According to fishery experts, this item has great potential to increase both in volume and export value in 2011.

Ca Mau province has the largest export shrimp processing industry in Vietnam with 35 factories. In 2010, the province’s shrimp export value hit a record of US$823 million. Mr. Ngo Thanh Linh, Deputy Chief of Planning – Finance, Ca Mau Department of Agriculture and Rural Development said shrimp export in 2011 is estimated more positively.

In 2011, Ca Mau will develop the aquaculture towards the sustainability, productivity and efficiency. Accordingly, there are concentrated farming areas applying the advanced technologies to control and treat promptly diseases; ensure food safety, hygiene and ecosystem protection. The province also set a target of more than 105,000 MT of farmed raw shrimp for export processing. Therefore, enterprises in Ca Mau believe that in 2011, the lack of raw material will be gradually removed with the efforts of enterprises, farmers and managers.

Experts predict that the price of exported shrimp will probably better in the next months.

Also in 2010, lots of enterprises such as Camimex, Ocean, Phu Cuong Corp, etc did not achieve the targets of export shrimp processing output, but export sales still surpassed the plan. Specifically, Phu Cuong Corp processed more than 1,500 MT, reaching only 80 percent of the plan, but its revenue reached over 200 percent. Ocean Company processed 3,200 MT, reaching 96 percent of the plan, but its revenue reached US$24 million, up 40 percent…

Mr. Le Van Quang, General Director of Minh Phu Seafood Corporation said in January 2011, the company signed export contracts of nearly 2,000 MT of shrimps. In 2010, Minh Phu Seafood Corporation was the leading shrimp exporter of Vietnam with 23,871 MT, worth US$248 million, exceeding over 50 percent of the plan.

Source: VASEP

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