Analyst Pin-board Seafood sector: Impact of COVID-19 lockdown measures might be seen from Aug 2021
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· In 1H2021, seafood exports bounced back due to the demand recovery in the main export markets, especially the US. Most seafood companies recorded positive growth in revenue and profit. · Recovering seafood selling prices to the US are the bright spot for 2H2021. Moreover, we expect the shortage of Indian supply to bolster the demand for Vietnam’s shrimp. · However, Vietnam’s COVID-19 lockdown will affect supply in 2H2021 due to reduced capacity. Although some companies still recorded positive revenue growth in July, we expect that some of them will start to witness a sharp decline in exports from August onward. |
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