Shrimp prices in Vietnam and Indonesia rebounded after falling, but seasonal high production still affects the global market

Live shrimp prices for 60 pieces per kg in Guangdong, China, recovered to RMB 39 per kg (about US$5.37) in week 25. Prices for 80 pieces per kg of small shrimp also rose slightly to RMB 31.5 per kg. Despite the price increase, prices may not see a sustained recovery as China's high production is expected to continue until the end of June and July. Compared with the same period last year, the prices of 60 pieces and 80 pieces per kg of shrimp have dropped by 15% and 16% respectively. The current low prices have caused many producers to operate at a loss. Ecuador, the world's largest shrimp exporter, saw stable farm gate shell-on-shell (HOSO) prices in week 25. The price of 20/30 pieces per kg of shrimp was US$3.90, and the price of 30/40 pieces per kg of shrimp was US$3.50. The prices of other sizes of shrimp also did not change, with 40/50 pieces at US$3.30 per kg, 50/60 pieces at US$3.15 per kg, and 60/70 pieces at US$3. 2.80 USD per catties, 70/80 pieces per kg at 2.30 USD per ...