Price Drop of Shrimp Across Indian States in W44

Indian shrimp farmers saw a sudden drop in Vannamei shrimp prices in W44. After the Andhra government lowered the feed prices and fixed minimum purchase prices in W43, the price level decreased. The exporters dropped prices, but they varied across the regions. Some Andhra exporters dropped prices drastically to catch the Chinese demand. Although, Chinese buyers are still expecting a further drop in prices, they are keeping demand constant. Tamil Nadu sustained better pricing, with an increase of USD 0.06/kg above their corresponding Andhra sizes. Due to their exports mainly going into the high-paying EU countries, and cost the Tamil exporters extra freight to bring in the raw materials from Andhra. Orissa saw a significant decrease in price, where 140-160 counts dropped to USD 1.90/kg levels. Chinese demand thus seems to be favoring Orissa suppliers in the upcoming weeks.