Vietnamese firm’s shrimp sales increase by 41 per cent in 2013

shrimp Rafael Ortega Díaz wikimediaAfter an epidemic caused by early mortality syndrome (EMS), shrimp quantities dropped in Vietnam resulting in a high demand and price of shrimp. (Image source: Rafael Ortiga Diaz/Flickr) Vietnam’s largest shrimp producer and exporter Minh Phu Seafood has recorded a 41 per cent increase in profit in 2013

The company reported a rise in revenue to US$531mn from US$377mn in 2013.

The price and demand of shrimp went up due to a shortage caused by early mortality syndrome (EMS).

Minh Phu said in a statement, “The supply of large exports decreased because of the EMS epidemic. Therefore, revenue increased 78.27 per cent compared to the same period last year.”

According to a survey by GOAL 2013, Vietnam’s shrimp harvest is expected to stabilise and increase over the next two years. After a steep drop in 2011, production almost halved to just under 300,000 tonnes, added the report.

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