At 8:00 a.m., traders in Vinh Thuan town (Vinh Thuan district, Kien Giang province) gathered at a coffee shop at the foot of Vinh Thuan bridge to prepare for the crab "auction".
After gathering, the traders displayed the crabs from their bags to the baskets to classify and bargain busily like a "wholesale market". Dozens of traders from all communes and hamlets in the area participated.
Mr. Do Thich (owner of Do Thich crab farm, Vinh Thuan town) said that this crab "auction" market has been going on continuously for many months now. The activities of buying and selling crabs and bargaining between the parties are busiest every morning.
"Today, crab prices are relatively stable. Four-leg crabs (crabs under 300 grams) are purchased at prices ranging from 160,000 - 180,000 VND/kg; male crabs from 300,000 - 350,000 VND/kg; soft-shell crabs cost no more than 460,000 VND/kg; soft-shell crabs cost no more than 500,000 VND/kg," said Mr. Thich.
Mr. Do Thich, owner of a crab farm in Vinh Thuan, Kien Giang, gathered at the market to "auction" crabs early in the morning (Photo: Bao Tran).
According to Mr. Thich, this crab "auction" market was formed based on the needs, buying and selling habits, and exchanging sea crabs between traders. Thanks to this "auction" activity, traders will save a lot of time going everywhere to buy, people who have the need to buy - sell all come to one place.
In addition, gathering for trading will help stabilize crab prices by region, without differences or fake price fluctuations.
"About 20-30 people will gather here at 8am. Most of the long-time crab traders in Vinh Thuan are present. Whoever offers a high price will sell to that person, depending on the buyer's negotiation," said Mr. Do Van Vu (crab trader in Cai Nhum canal, Phong Dong commune, Vinh Thuan district).
To choose good crabs and not waste much time for both buyers and sellers, traders must have many years of purchasing experience to "fight" at the crab "auction" market. Usually, each person will bring a flashlight to check the quality of the crab.
"Meat crabs are usually male crabs with pointed aprons. To choose good meat crabs, use your hand to squeeze the shell or carapace to see if the crab is soft. If you press hard on it, it usually has firm meat. For roe crabs, I choose female crabs with round aprons. If you use a flashlight to shine on them, you can't see inside. Use your hand to press on the shell to see if it's hard. The crab is heavy and firm," said a trader.
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