Argentina’s 2023/24 Shrimp Season Faced Uncertainty Amid Labor Conflicts and Sales Pressure

In Argentina, the 2023/24 shrimp season is experiencing favorable volumes comparable to the previous one, especially with robust shrimp sales in terms of prices and demand. However, shrimp tail sales are sluggish, affecting price levels. The substantial stocks in cold storage are adding pressure to expedite sales. The primary concern is the ongoing labor conflict, which delayed the season from starting in Nov-23. Although the season is operational due to a government-mandated conciliation, the resolution period concludes at the end of the month. The crucial decision lies in whether producers and exporters will negotiate to continue the season or opt for an early closure due to existing stocks and sales pressure.