Vietnamese shrimp exports rebound in May after Japanese ease ethoxyquin residue level requirements By the end of May, shrimp exports hit US$863.5 million, up 6.2% from a year earlier. According to the Vietnam Association of Seafood Exporters and Processors (VASEP), shrimp exports have bounced back thanks to increasing demands from some major markets. Shrimp export earnings from Japan increased by 6.2% to US$216.4 million. This has been a positive signal since Japan decided to check the residue of Ethoxyquin used in shrimp food more than one year. Recently, Japan raised its Trifluralin residual level in shrimp products imported from Vietnam from 0.001ppm to 0.5ppm, easing the pressure on Vietnamese shrimp exporters. China has surpassed the EU to become the world’s third largest shrimp consumer. Exports to the market in the first five months of this year grew by 17.9% to US$108.5 million. In 2013 China is considered an important market for Vietnamese shrimp as exports to the big markets like the US, Japan and the EU are seemingly in a fix. The US is one of most important markets for Vietnamese shrimp exporters although they are facing anti-subsidy tariffs. This year, shrimp exports to the US increased by 18.2% to US$194.6 million over the past five months
Posted on: Tue, 02 Jul 2013 02:19:42 +0000
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