China spends nearly 700 million dollars 'eating' Vietnamese shrimp

Shrimp export businesses said: In the first days of December, the demand for lobster from the Chinese market continued to increase, causing domestic shrimp prices to increase slightly compared to last week. Currently, green lobsters of 150-300 grams cost about 1 million VND/kg, 300-400 grams cost 850,000 VND/kg and 400-600 grams cost 800,000 VND/kg. Compared to the same period last year, lobster prices increased by about 150,000-200,000 VND/kg, depending on the type.

Vietnam's lobster exports to China have increased sharply. PHOTO: ANH THU

“The bigger the lobster, the cheaper it is, because the Chinese market prefers small sizes. These products are often served in seafood restaurants, and buffet parties are a growing business in China,” said the leader of a large lobster exporting enterprise in Da Nang City.

Currently, China still bans the import of spiny lobsters and only allows the import of green lobsters. Therefore, spiny lobsters are currently only consumed domestically and in some neighboring countries in insignificant quantities.

The Chinese market is preparing for the peak consumption season at the end of the year, so the demand for imported goods has increased sharply. Lobster is very popular with Chinese people because of its "appearance" and color, which is suitable for holidays. In addition, the economic recovery has also helped many people spend more. In addition to lobster, the demand for imported shrimp of all kinds from the Chinese market has increased.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's lobster exports to China in the past 10 months reached 298 million USD, an increase of 157 million USD compared to the same period last year. This is also the shrimp product with the strongest growth rate in the Chinese market. Vietnam's total shrimp exports to China in the past 10 months reached 676 million USD, an increase of 31% compared to the same period last year. "China's policy to promote consumption has contributed to the country's demand for imports and consumption of goods increasing again in recent months," according to VASEP.

Source: https://thanhnien.vn/trung-quoc-bo-gan-700-trieu-do-an-tom-viet-nam-185241204105004468.htm