At the end of 2024, shrimp prices rose globally, except in China...

Published Jan 2, 2025

Tridge summary

In summary, shrimp prices in major production areas saw an overall increase at the end of 2024, with the exception of China. Indian prices surged, particularly in Andhra Pradesh, due to high raw material costs and poor harvests. Vietnamese and Indonesian prices fell slightly but rose towards the end of the year. Thai and Chinese farms gate prices rebounded. The fall in Chinese prices is attributed to low consumption and increased small-scale shed farming. Imported shrimp prices were also sluggish, with concerns about market uncertainty and potential Spring Festival market dynamics.

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

Original content

At the end of 2024, prices in major shrimp production areas around the world generally remained firm and rose at the end of the year, with India seeing a more significant increase, and only China's prices falling significantly. UCN statistics show that Indian prices rose strongly in the last week of 2024, with Nellore's 40-piece (per kg) price rising from INR 402/kg to INR 485/kg ($5.64/kg), 50-piece price rising to INR 438/kg, 60-piece price rising to INR 403/kg, and 70-piece price rising to INR 380/kg. An industry insider said: "Compared with previous months, shrimp raw material prices are at their highest level, and the second worst is poor harvests due to floods, climate change and disease problems." In Andhra Pradesh, the largest production area, prices rose consistently in weeks 51-52, with 40 pieces rising to INR 410/kg and 50 pieces rising to INR 370/kg. The price increase of black tiger shrimp in Gujarat was particularly significant, with 30 pieces rising to INR 520/kg, ...

Source: Foodmate