Indian Farmers Are Delaying the Harvest of Shrimps for US Demand

Since February 2023, Indian exporters have been getting good demand from China for Vannamei HLSO (51/60 counts). During W8-10, the prices were around USD 5.80-6/kg as many exporters have already finished their supply. The packers are waiting for the next harvest in April 2023, but there is speculation in the market as many Indian farmers expect to delay harvest in anticipation of the US demand. All these factors are expected to keep the prices bullish until the next harvest arrives in the market.