Ca Mau is the leading province in shrimp production, as well as shrimp export turnover of the whole country with about $1.2 billion per year. Because of the impacts of the Covid-19 pandemic, many large shrimp importers of Ca Mau province, including the US and China, suspended, decreased, and delayed orders, causing enterprises in the province to temporarily store goods with large quantities. The current shrimp inventory is about 20,000 tons.
Therefore, many shrimp processing enterprises for export have also weakened purchasing power or bought at low prices, leading to a sharp decrease in the prices of raw shrimps. The price of raw black tiger shrimps decreased by about 30 percent, that of white-leg shrimp decreased by about 15 percent.
To face the above situation, the authorities of Ca Mau Province encouraged shrimp farmers to apply appropriate adjustment measures, such as changing from farming large-sized shrimps to farming small-sized shrimps and restoring production of the intensive shrimp farming areas, and super-intensive shrimp farming areas.
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