Costs Rising Rapidly for Shrimp Producers in Vietnam
The worst situation for shrimp producers is when there is a glut on the market and prices are down, but your costs for production are rising. There is no way to pass along the increased costs, and eventually production has to be cut back.
In Vietnam, shrimp and pangasius producers are seeing a particularly rapid run up in costs in four areas: electrical power, labor, feed prices, and raw materials.
Vietnam has been raising electricity prices to large users, including those who run freezers and processing plants...
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