Farmers in Kien Giang province are excited to have more motivation to continue raising new shrimp crops.

Accordingly, in the last months of 2024, the shrimp market began to recover, the demand for raw shrimp from businesses serving exports and the consumer market during the Lunar New Year increased, pushing shrimp prices up.

Many households still raising shrimp are very excited because they are selling at good prices. Specifically, white-leg shrimp are being purchased by processing factories at prices ranging from 95,000 – 100,000 VND/kg for 100 shrimp/kg, and 40 – 50 shrimp/kg for 140,000 – 145,000 VND/kg.

According to the Department of Fisheries of Kien Giang province, in 2024, the whole province will stock 136,340 hectares of brackish water shrimp, reaching 100.47% of the annual plan target. The output of farmed shrimp of all kinds will reach 133,181 tons, an increase of 10.07% over the same period in 2023. The output of farmed shrimp increased because people increased the farming area in the past year.

It is forecasted that in 2025, Vietnam’s raw shrimp export situation will have many fluctuations, facing fierce competition from strong shrimp exporting countries such as Ecuador, India, Honduras, affecting domestic shrimp prices. In addition, increasingly erratic weather conditions and shrimp diseases that have not been strictly controlled will greatly affect the brackish water shrimp production situation in 2025 in the province.