For shrimpers in Phuong Nam it is difficult time as they are facing the shortage of shrimp material, especially estra large shrimp 8/12 and 13/15 count, because the intensive shrimp farming season already ended, while the harvest of extensive one has not started. Nguyen Manh Thanh, a staff in the business department, opined that sales prices of shrimp of all sizes have been increasing remarkably.
It is told that the demand for large-sized black tiger shrimp in foreign markets is increasing strongly, but the local supply is limited despite great efforts of processors to speed up purchasing. Thanh added that Phuong Nam is mainly exporting large-sized black tiger shrimp to the U.S., which accounted for around 40-45 percent of the company’s total shrimp export value.
Official figure shows that Phuong Nam Co., Ltd shipped nearly 5,300MT of shrimp for a value of US$54 million in the first ten months of this year. Though the daily capacity is around 120MT of material per day, the company sometimes processed only 20MT of material per day due to the shortage of material and decreasing demand in key markets. As a result the shrimp export volume in the last two months of the year will be lower than in previous months.
