Vietnam’s shrimp exports reached nearly 2.5 billion USD in the 10-month period and may top three billion USD by the end of December.

General Secretary of the Vietnam Association of Seafood Exporters and Producers Truong Dinh Hoe told Vietnam Agriculture newspaper that if the forecast is realised, shrimp will equal rice in export value and outpace coffee and rubber.

The figure attained in this year’s first ten months alone broke the 2.4 billion USD shrimp export record set in 2011, he added.

Hoe attributed the fact to price increases due to a sharp fall in global shrimp output caused by the early mortality syndrome in many countries like Thailand, China and Malaysia.

Among the products, white-legged shrimp has seen high growth in production and value. As of the end of October, its shipment value accounted for 49 percent of all shrimp exports, while black tiger shrimp was 44 percent.

Vietnam’s aquatic exports in November are estimated at 650 million USD, bringing the 11-month figure to 6.1 billion USD and matching the total for the whole of 2012.-VNA