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    Home > Food News > Food Articles > Ming Fu Group: Shrimp export situation is severe in the second half of the year, and the United States has shown a weak trend

    Ming Fu Group: Shrimp export situation is severe in the second half of the year, and the United States has shown a weak trend

    • Last Update: 2022-08-15
    • Source: Internet
    • Author: User
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    VietnamBiz reported that Minh Phu Seafood Corporation, Vietnam's largest shrimp company, believes that Vietnam's shrimp exports will face huge challenges in the second half of 2022 due to factors such as disease, inflation, and rising cos.
     
    Le Van Quang, chairman of Ming Fu Group, pointed out at the annual general meeting, "The disease situation in the shrimp farming industry this year is more complicated than in previous yea.
    The continuous rainy weather has caused farmers to harvest shrimp early and restricted the investment of seedlin.
    Especially in other countries Inflation is high, so the consumer market will struggle between now and the end of the ye.
    "
     
    "The export volume and export value in the second half of the year may be lower than expected, but the company's profit target this year will definitely be achiev.
    " In 2022, Ming Fu Group's target export volume is 64,600 tons, with an export value of 796 million US dollars and an after-tax profit of 5,460 yu.
    million dolla.
     
    In the first five months of this year, Ming Fu Group exported 20,342 tons of shrimp products, a year-on-year increase of 64%, and the export value was 266 million US dollars, a year-on-year increase of 22
     
    "The.

    market is also facing many difficulties this year, and Minh Phu can barely reach the set export target, but I am confident that the set profit target will be achieved in 2022," Quang sa.
     
    According to the report of Vietnam Association of Seafood Export and Production (VASEP), the.

    market has shown signs of slowing down since May this ye.
    The growth rate of shrimp product sales fell to 8% year-on-year, while in the first four months of this year, the growth rate was 25-6
    not wa.
    shrimp export
     
    Le Van Quang, chairman of Ming Fu Group, pointed out at the annual general meeting, "The disease situation in the shrimp farming industry this year is more complicated than in previous yea.
    The continuous rainy weather has caused farmers to harvest shrimp early and restricted the investment of seedlin.
    Especially in other countries Inflation is high, so the consumer market will struggle between now and the end of the ye.
    "
     
    "The export volume and export value in the second half of the year may be lower than expected, but the company's profit target this year will definitely be achiev.
    " In 2022, Ming Fu Group's target export volume is 64,600 tons, with an export value of 796 million US dollars and an after-tax profit of 5,460 yu.
    million dolla.
     
    In the first five months of this year, Ming Fu Group exported 20,342 tons of shrimp products, a year-on-year increase of 64%, and the export value was 266 million US dollars, a year-on-year increase of 22
     
    "The.

    market is also facing many difficulties this year, and Minh Phu can barely reach the set export target, but I am confident that the set profit target will be achieved in 2022," Quang sa.

     
    According to the report of Vietnam Association of Seafood Export and Production (VASEP), the.

    market has shown signs of slowing down since May this ye.
    The growth rate of shrimp product sales fell to 8% year-on-year, while in the first four months of this year, the growth rate was 25-6
    not wa.

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