Indian Shrimp Market Faces Supply Shortages Amidst Rising Chinese Demand and Price Dynamics in 2023

The global shrimp market has experienced supply shortages due to reduced production by Indian shrimp farmers in response to low demand and falling prices in 2023. With Chinese demand increasing in late August, exporters anticipate favorable prices for existing stock. However, industry dynamics indicate that sellers seek higher price offers from buyers while maintaining limited supply. In the coming months, it is forecasted that Indian shrimp prices will gradually increase as supply aligns with the growing demand.