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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.