Shrimp prices tumble as anti-dumping duties soar
 

VIET NAM


Vietnamese farmers have once again become the victims of 
trade disputes.

The white-legged shrimp price in Tra Vinh province dropped 
by VND20,000 per kilo within one week.

Nguyen Van Mai, a farmer in Cau Ngang District, who farms 
shrimp on two hectares of water surface, said the shrimp 
price unexpectedly increased slightly by VND2,000 per kilo 
(60 shrimp per kilo) to VND140,000 per kilo in mid-
September, but later dropped dramatically by VND20,000 per 
kilo to VND120,000 per kilo.

The price of smaller shrimp (100 shrimp per kilo) also fell 
from VND120,000 to VND100,000 per kilo.

Mai said with the current prices, he still can make a 
modest profit which is enough for investment in his next 
crop.

However, he said prices could drop further if export 
companies stop exporting shrimp to the US.

The high anti-dumping duties on shrimp imports from Vietnam 
set by the DOC after the eighth period of review (POR 8) 
could close the doors to the US market.