Global shrimp price dynamics: Ecuador and India prices remain flat, China and Indonesia prices rise

Published 2024년 5월 21일

Tridge summary

Ecuador and India, the world's largest shrimp producers, have seen stable ex-farm prices for head-on, shell-on shrimp in week 20, despite an unexpected rise in production in April. Prices in China and Indonesia have been increasing, with specific data missing in China. In Indonesia, the supply of large-sized shrimp is expected to increase due to an early harvest of smaller shrimps. Meanwhile, Vietnam has seen a decrease in the prices of smaller white shrimp sizes, contrasting with the increase in China and Indonesia. Thailand's white shrimp prices have also decreased in the previous week.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ecuador As the world's largest shrimp producer, average ex-farm prices for head-on, shell-on (HOSO) shrimp in Ecuador remained unchanged in week 20, with the following prices: 20/30: $4.00/kg 30/40: $3.60/kg 40/50: $3.30/kg 50/60: $3.15/kg 60/70: $2.75/kg 70/80: $2.30/kg 80/100: $1.90/kg The unexpected rise in production in April came despite a drop in production due to low prices in the first quarter. Despite this, industry sources still expect Ecuador's shrimp production to decline this year. India As the largest shrimp supplier to the United States, India's shrimp prices remained stable in week 20 (May 13-19) for all major sizes, as follows: 40: INR 340/kg ($4.07/kg) 50: INR 300/kg ($3.59/kg) 60: INR 270/kg ($3.23/kg) 70: INR 250/kg ($2.99/kg) 80: INR 230/kg ($2.75/kg) Prices fell after the first harvest in March, and most Indian farms are currently 50/60 and below. As farmers are worried about falling prices in the US market, a large number of smaller shrimps were harvested in ...

Source: Foodmate