The price of black tiger and whiteleg shrimp in Tra Vinh, Vietnam has been on a downward trend since the beginning of July, with prices decreasing by VND 1,000 – 3,000 (USD 0.04 – 0.12) per kilogram depending on the type. This price drop is having a significant impact on shrimp farmers, making it challenging for many to make a profit.

Low Prices Lead to Financial Struggles

Shrimp farmers are struggling to stay afloat due to the persistently low prices of commercial shrimp. Compared to the past three years, this year’s prices have averaged VND 10,000 (USD 0.39) per kilogram, a significant drop.

To stay profitable, farmers need to apply high technology, reduce costs, achieve productivity rates of 50-55 tons/ha, and maintain low shrimp loss rates. However, even those who meet these requirements can only make a small profit if they are not prepared for unexpected setbacks such as disease outbreaks.

Advice from the Agricultural Sector

In light of the prolonged decline in shrimp prices, the agricultural sector in Tra Vinh province is advising farmers not to spread out their farming operations to avoid concentrated harvesting, which can lead to oversupply and further price drops.

For farmers who do not have sufficient land area to implement high-density intensive farming methods for black tiger and whiteleg shrimp, switching to other aquaculture species such as sea crabs, fish, or blood cockles may be a more sustainable option.