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Lobster prices have plummeted by half a million dong per kilogram, leaving fishermen in a desperate situation.
Due to China's intensified disease control measures, lobster exports to China have plummeted, causing prices to fall drastically.
Lobster prices have plummeted to unprecedented levels.
The difficulties in lobster exports due to COVID-19 have caused the price of this high-end seafood to hit rock bottom, making it no longer a luxury dish only for the wealthy as it once was.
Lobster prices are rising again.
As restaurants and eateries reopened after the social distancing period, the price of spiny lobster increased to 1,2-1,5 million VND per kilogram.
Is it true that lobster prices have plummeted to 150.000 VND per lobster?
According to many lobster traders, the information that this seafood has plummeted in price is not entirely accurate; those reports only refer to lower-quality lobsters.
Vietnamese lobsters exported to Thailand at incredibly low prices.
Lobsters exported to Thailand are being declared at customs at a price one-third lower than the domestic wholesale price and the price at which they are exported to China.
Vietnamese tycoons live it up: Competing to buy giant lobsters costing tens of millions of VND each.
Many wealthy Vietnamese individuals "hunt" for and wait for months to buy a rare Canadian lobster weighing up to 7kg as a gift, despite the fact that their price can reach nearly ten million VND per lobster.
Over 700 billion VND in losses due to mass lobster deaths.
The Vice Chairman of Phu Yen province assessed this as a "terrible" loss, with nearly 770.000 lobsters dying, equivalent to 350 tons, affecting 502 households.
