Lobster prices drop but no traders come to buy

The price of lobster at the beginning of this June is very low compared to other years. Specifically, the price of cotton lobster is about 900,000 VND/kg, green lobster is 600 thousand VND/kg, down 300 – 600 thousand VND per kilogram compared to this time last year. Mr. Tran Van Vuong, from Xuan Thinh commune, Song Cau town, Phu Yen province, said that his family raised 1,000 lobsters that had come to be sold but could not be sold. At the current price, shrimp farmers are happy to recover their capital, but do not expect to make a profit.

In the past few days, in Xuan Phuong commune, Song Cau town, only a few frozen trucks came to buy shrimp from households who called to order in advance.

Lobster farmers in Phu Yen are facing difficulties because they cannot sell them

Small trader Tran Thi Muoi, in Xuan Phuong commune, Song Cau town, Phu Yen province said: “This year’s shrimp prices have lost a lot of value. The market consumes very little, only a few are available now. Before delivering shrimp to Chinese customers, they owed several billion but still have not paid.

At present, shrimp is in the harvest season, but there is no sign of traders like in previous years. People cannot export. Mr. Lam Duy Dung, Vice Chairman of the People’s Committee of Song Cau town, Phu Yen province said that this year most of the local lobster farming households suffered losses.

Lobster is lowering price but few people buy it

Lobster in Phu Yen has come to harvest time

“The output market currently depends on the Chinese market. This is a national market, but our people’s vision is only to produce without taking into account all output conditions. Therefore, shrimp prices have a great impact on people’s lives,” said Mr. Lam Duy Dung.

According to Nha Uyen