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Shrimp exports to key markets fall in Q1

May 6th at 15:49
06-05-2015 15:49:13+07:00

Shrimp exports to key markets fall in Q1

Viet Nam's shrimp exports fell by 28.1 per cent in the first quarter compared to the same period last year, only hitting US$798 million, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

Export to key markets saw sharp declines, with the US falling by 55.8 per cent, and Japan dropping by 27.6 per cent.

According to VASEP, the decline was a result of a decrease in import demand.

Foreign exchange rate fluctuations also had a considerable impact on Viet Nam's shrimp exports in the first three months of the year.

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