Argentine red shrimp prices to remain stable on falling Chinese demand

Published Nov 13, 2024

Tridge summary

At the Qingdao Fisheries Expo, Nicolas Cagliolo, Commercial Director of Argentina’s Estrella Patagonica, discussed the pricing and market trends for Argentine red shrimp for the upcoming season. He mentioned a slight increase in L2 specification prices while L1 prices remain stable, which will help maintain the product’s price throughout 2024. The industry is looking into opportunities in Asian and European markets as imports from China have decreased. The production season for Argentine red shrimp, known for its sustainability, runs from November to February, with an annual production of approximately 200,000 tons. Cagliolo underlined the importance of marketing campaigns in China to distinguish wild Argentine red shrimp from farmed shrimp and to highlight the unique benefits of Argentine products to rekindle market interest.

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

Original content

At the Qingdao Fisheries Expo, Nicolas Cagliolo, Commercial Director of Argentina’s Estrella Patagonica, shared his thoughts on the expected pricing and market trends for Argentine red shrimp next season. He highlighted the slight increase in L2 specification prices compared to stable L1 prices, which will keep the product’s price stable for much of 2024. Despite the decline in imports from China, once the main market for Argentine red shrimp, the industry is increasingly exploring opportunities in other Asian and European markets. The production season for Argentine red shrimp, known for its sustainability and lack of harmful substances, runs from November to February, peaking in February and March, with annual ...

Source: Fishretail