Chinese demand remains weak, and prices of Argentine red shrimp are expected to remain stable in the new season

At the Qingdao Fishery Expo, Nicolas Cagliolo, commercial director of Argentina's Estrella Patagonica, shared insights on the anticipated pricing and market trends for Argentine red shrimp for the next season. He highlighted a slight uptick in L2 specifications' prices, contrasted with stable L1 prices, maintaining the stability of the product's pricing for most of 2024. Despite a decline in China's import figures, which was once the primary market for Argentine red shrimp, the industry is increasingly exploring opportunities in other Asian and European markets. Japan is particularly noted for its discerning consumers and appreciation for red shrimp quality. The production season for Argentine red shrimp, known for its sustainability and lack of harmful substances, operates from November to February, peaking in February and March, with an annual output of approximately 200,000 tons. Cagliolo underscored the importance of marketing efforts in China to better differentiate wild Argentine red shrimp from farmed shrimp and to highlight the unique benefits of Argentine products to rejuvenate market interest.