In the 28th week, global shrimp prices remained generally stable, with Asian production areas facing high U.S. tariffs.
Published 2025년 7월 9일
Tridge summary
On July 7, US President Trump announced that if a trade agreement is not reached by August 1, the United States will impose a 36% reciprocal tariff on Thailand and a 32% tariff on Indonesia; Trump also stated that he would impose an additional 10% tariff on BRICS countries, potentially raising India's tariff to 36%.
From a global market perspective, the main white shrimp production areas will face high uncertainty before August 1, with Ecuador's export tax to the US being only 10%, far lower than Asian countries.
1. India's Shrimp Prices Remain Stable Overall
In Week 28, India's prices remained generally stable, with the first shrimp farming cycle nearing its end. During the Bharat Seafood Expo in Chennai, Arpan Bhalerao, Chief Growth Officer of Aquaconnect, told UCN in an interview that US buyers have made short-term commitments to Indian exporters, and they will continue to purchase from India despite tariff uncertainties to ensure industry-wide stability. US importers are well aware of Christmas demand and do not wish to receive any negative news before then.
India typically has two farming cycles per year, with the first season harvesting from April to June, yielding relatively high production. The second season usually begins in August-September, with lower production than the first season. The second season's stocking depends on first season prices, and Indian processing plants will also stockpile to prevent a significant drop in next season's stocking due to price collapse.
Once US tariffs are confirmed, exporters will make adjustments, considering developing markets in other countries if tariffs are too high.
2. Ecuador's Shrimp Prices Remain Stable
In Week 27, Ecuador's farmed white shrimp prices remained stable, with some specifications increasing. Local sources indicate that seasonal weather factors have led to tight supplies for some white shrimp specifications, with expected supply reductions in the next two to three months.
Additionally, China's market has low large-specification frozen inventory levels, with buyers needing to restock, and importers have begun accepting higher quotations.
In the US market, Ecuador's shrimp maintains a tariff advantage, with its tax rate at only 10%, far lower than Asian exporting countries.
3. Vietnam's Sh
From a global market perspective, the main white shrimp production areas will face high uncertainty before August 1, with Ecuador's export tax to the US being only 10%, far lower than Asian countries.
1. India's Shrimp Prices Remain Stable Overall
In Week 28, India's prices remained generally stable, with the first shrimp farming cycle nearing its end. During the Bharat Seafood Expo in Chennai, Arpan Bhalerao, Chief Growth Officer of Aquaconnect, told UCN in an interview that US buyers have made short-term commitments to Indian exporters, and they will continue to purchase from India despite tariff uncertainties to ensure industry-wide stability. US importers are well aware of Christmas demand and do not wish to receive any negative news before then.
India typically has two farming cycles per year, with the first season harvesting from April to June, yielding relatively high production. The second season usually begins in August-September, with lower production than the first season. The second season's stocking depends on first season prices, and Indian processing plants will also stockpile to prevent a significant drop in next season's stocking due to price collapse.
Once US tariffs are confirmed, exporters will make adjustments, considering developing markets in other countries if tariffs are too high.
2. Ecuador's Shrimp Prices Remain Stable
In Week 27, Ecuador's farmed white shrimp prices remained stable, with some specifications increasing. Local sources indicate that seasonal weather factors have led to tight supplies for some white shrimp specifications, with expected supply reductions in the next two to three months.
Additionally, China's market has low large-specification frozen inventory levels, with buyers needing to restock, and importers have begun accepting higher quotations.
In the US market, Ecuador's shrimp maintains a tariff advantage, with its tax rate at only 10%, far lower than Asian exporting countries.
3. Vietnam's Sh
Original content
On July 7, US President Trump announced that if a trade agreement is not reached by August 1, the United States will impose a 36% reciprocal tariff on Thailand and a 32% tariff on Indonesia. Trump also stated that he would impose an additional 10% tariff on BRICS countries, potentially raising India's tariff to 36%. From a global market perspective, the main shrimp-producing areas in South America will face high uncertainty before at least August 1. Ecuador's export tax to the United States is only 10%, far lower than that of Asian countries. 1. India's Shrimp Prices Remain Stable Overall In Week 28, India's prices remained generally stable, with the first shrimp farming cycle nearing its end. During the Bharat Seafood Expo in Chennai, Arpan Bhalerao, Chief Growth Officer of Aquaconnect, told UCN in an interview that US buyers have made short-term commitments to Indian exporters. Despite tariff uncertainties, they will continue to purchase from India to ensure industry-wide ...
Source: Foodmate
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