Japan pulls out of Vietnamese shrimp market
(VOV) -Japanese investors are pulling out of the Vietnamese shrimp market due to excessively high levels of oxytetracycline (OTC), according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The decision was made due to the continuing detection of unacceptably high levels of OTC in shrimp shipments, despite prior warnings and the fact that it is public knowledge that virtually all Vietnamese shrimp exports are inspected for the antibiotic.
VASEP said that the Japanese importers are considering importing shrimp from India and Indonesia.
VASEP warns that unless local shrimp businesses strengthen self-regulation of OTC they will fail to penetrate the Japanese market.