Lobster Prices Plummet to $6.50/kg Post-Flood, Devastating Đắk Lắk Farmers

In the heart of Vietnam's lobster capital, Sông Cầu (Đắk Lắk), a devastating flood has wreaked havoc, sweeping away an estimated 3 trillion VND worth of assets. Desperate farmers are now forced to sell their precious catch at rock-bottom prices, a heartbreaking sight for those who've poured their livelihoods into this industry.

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On November 24th, the lobster capital of Song Cau in Dak Lak lay desolate, with over 80% of lobster cages swept away by floods.

Previously, hundreds of thousands of lobster cages were engulfed by floodwaters, resulting in a staggering 80-90% mortality rate.

Lobster farmers face complete bankruptcy, helplessly witnessing billions of dollars in assets submerged.

Before the floods, farmers cautiously lowered cages to the bottom to avoid strong currents, but floodwaters reaching 3.5-4 meters still shocked and killed lobsters en masse.

Across Song Cau streets, farmers now painfully sort through the remaining 10% of young lobsters, packing them in ice-filled containers as power outages prevent refrigeration.

Most “rescue” buyers are acquaintances purchasing lobsters to support affected families.

Green and flower lobsters, normally priced at 800,000-1,200,000 VND/kg, are now shockingly sold for just 150,000 VND/kg.

Huỳnh Thị Xô (57, Xuan Thanh Ward) shares that all lobster farms suffered losses. Her family lost 50 out of 60 cages, totaling over 5 billion VND in damages.

Nguyễn Thị Lệ (54, Song Cau Ward) tearfully recounts: “We’ve cried all our tears. My family lost over 8 billion VND, all borrowed money.”

Vo Ngoc Thach, Chairman of Song Cau Ward, reports over 3 trillion VND in assets lost—an unprecedented catastrophe for Dak Lak’s lobster industry.

According to the latest report from Song Cau Ward authorities, out of 92,000 lobster cages owned by 2,000 households, over 77,000 were lost to floods. Previously, Typhoon #13 damaged 16,000 cages.

In Xuan Dai Ward, 430/536 households suffered losses, with 22,500/27,000 cages (over 80%) destroyed—equivalent to 610 billion VND.

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