Stagnant Indian Shrimp Prices in the United States Market During W31

Despite the anticipated market improvement in the United States (US), Indian shrimp prices have remained stagnant in W31, causing farmers to grapple with unfavorable market conditions. Market prices have fallen below the production costs for farmers, posing significant challenges. Consequently, farmers are adopting a patient approach, hoping for a favorable price shift to restore profitability and secure sustainability. The price drop is associated with the diminished demand from Eastern markets and reduced shrimp exports to China.