Week 49: Domestic shrimp prices diverge; Ecuadorian shrimp prices drop for third consecutive week; Southeast Asia floods severely impact production areas.

As temperatures drop, some outdoor shrimp ponds in southern China have ended their cultivation early, causing a shortage of large-sized shrimp in the market and increasing the reluctance of farmers to sell. In contrast, northern regions such as Shandong and Jiangsu have slowed down their seedling planting due to low temperatures, keeping prices stable overall. Globally, extreme weather in Southeast Asia has disrupted the supply chain. Severe flooding in nine southern provinces of Thailand has affected approximately 10,000 shrimp farmers, accounting for one-third of the national total, with estimated losses exceeding $31 million. Local production of vannamei shrimp is expected to decrease by 10%, but prices have only fluctuated slightly. The flooding in Sumatra, Indonesia, has been even more devastating, with over 600 deaths, hundreds missing, and some farms destroyed or cut off from power and supplies, causing localized production declines. Among major exporting countries, ...