Indian shrimp prices hit a 12-month high, Vietnamese shrimp prices rose again, and the Ecuadorian market remained stable

In week 34, shrimp prices in India still show no signs of slowing down. According to information provided by data provider Aquaconnect, the price of 60 pieces/kg head-on shrimp in Andhra Pradesh has reached 320 Indian rupees (about 3.82 US dollars) per kg, while the price of 80 pieces/kg is 280 Indian rupees (about 3.34 US dollars). This is the first time that shrimp prices of these sizes have reached such high levels since March 2023. The main reasons for this price surge are heavy rains and disease outbreaks, which have severely affected the first round of harvest cycles. Since the end of June, the price of 60 pieces/kg pond shrimp has increased by 23%, or 0.71 US dollars per kg, while the prices of 80 pieces and 40 pieces/kg have increased by 27% and 17% respectively. Meanwhile, the price of large-sized Vannamei shrimp in Vietnam rose again at the beginning of week 34, reaching 103,000 Vietnamese dong (about 4.28 US dollars) per kg, the highest since May. The price increase ...