The People's Council in the Mekong Delta Province of Soc Trang approved the project ‘Sustainable fisheries development in Soc Trang’ with a total investment of more than VND992 billion ( over US$42 million), belonging to project group B.
Farmers in the Ca Mau peninsula are delighted as they enjoy a bumper rice crop on shrimp farming land. Thanks to that, many people are going to welcome the 2022 Lunar New Year more decently. The rice-shrimp model is now considered natural agriculture, adapting to climate change.
The Mekong Delta is the main shrimp farming and exporting area of the country. Despite facing difficulties due to the Covid-19 pandemic, shrimp processing enterprises still strive to maintain operations to ensure export orders, at the same time, create jobs and stabilize the consumption of raw shrimp.
Despite being affected by the Covid-19 pandemic, with the initiative from the beginning of the year and the efforts of relevant sectors, associations, and business community, seafood exports have seen a breakthrough, with shrimp products posting impressive growth.
Minh Phu Seafood Joint Stock Company said that it would appeal against the decision of the US Customs and Border Protection (CBP) on the conclusion that frozen shrimp products exported by the company to the US market were subject to duties following the regulations on anti-dumping duty on Indian shrimps.
Due to the Covid-19 pandemic, many large shrimp importers of Ca Mau Province have temporarily halted, reduced, and rescheduled orders, forcing shrimp enterprises in the province to temporarily store goods in large quantities.
Since the beginning of this year, prolonged hot weather and saltwater intrusion have caused disadvantages for shrimp-farming areas in the Mekong Delta. Besides, the Covid-19 pandemic has also affected the export of shrimps, leading to a decline in export turnover.
In recent days, the prices of material shrimps, especially giant tiger shrimps, dropped sharply, causing hundreds of thousands of shrimp-farming households in the Mekong Delta to face difficulties while shrimp export enterprises were also hurt as they could not export their products, making inventory higher and higher.
According to the departments of fisheries of provinces in the Mekong Delta, the prices of material shrimps have continuously dropped steeply in the past days, raising concerns among shrimp-farming households.
After declining for a long time, the prices of shrimps in Mekong Delta provinces have rebounded, encouraging farmers to continue to expand farming areas. Export of shrimps also showed signs of recovery, fostering enterprises to speed up during the last months of this year.