The latest statistics of the Department of Industry and Trade of Ca Mau Province showed that shrimp export turnover in October this year reached nearly US$133 million, sending the shrimp exports in the first ten months of this year to over $783 million, an increase of 6 percent over the same period last year. Of which, exports to the European market increased by over 33 percent, Canada increased by 24 percent, and Japan increased by nearly 13 percent. At the same time, enterprises have signed some new contracts with partners in the EU to promote shrimp exports in the last months of the year. In Bac Lieu Province, by the end of October this year, seafood (mainly shrimps) export turnover exceeded $600 million, equal to 75 percent of the annual plan and up 5 percent over the same period. With this momentum, along with many positive signs in the market demand, Bac Lieu is increasing exports to fulfill its target. However, the difficulty that enterprises are facing today is the shortage of raw material shrimps, making export promotion not as expected. Mr. Huynh Thanh Tan, Director of Ca Mau Seafood Processing and Service Joint Stock Company, said that due to… Read full this story
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