Vietnamese shrimp giant Minh Phu is working with 20,000 small-scale farmers in a new initiative that could help them double or triple production to reach anywhere between 30,000-60,000 metric tons.
Minh Phu, which produced 78,4455 metric tons of shrimp in its own farms in 2018 and owns two processing plants, also outsources some volumes from local farmers, who produce roughly 18,000 metric tons in total annually.
However, this yield is relatively low because of the low survival rate per hectare, Minh Phu Chairman to the Board Le Van Quang told IntraFish.
