India's whiteleg shrimp exports fall

Published Nov 25, 2024

Tridge summary

India's whiteleg shrimp exports in September 2024 saw a decrease of 17% compared to the same month in 2023 and a decrease of 12% compared to August 2024, totaling 41,665 tons. The largest decrease was to China, with a 52% drop, and the US, the largest market, saw a 3% decrease. Despite these decreases, farmgate prices remained stable. The price of Indian FCA shell-on, head-off, tail-on (PDTO) shrimp was USD 7,414/mt on 19 November 2024. Despite the US Department of Commerce imposing an anti-subsidy duty of 5.77% on Indian shrimp exporters in October 2024, prices have rebounded in the second half of November 2024 due to supply constraints and increasing domestic demand. Overall, India's total whiteleg shrimp exports for the first 9 months of 2024 decreased by approximately 1% compared to the same period in 2023.

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

Original content

According to data from the Indian Ministry of Commerce, India's whiteleg shrimp exports in September 2024 decreased by 17% compared to September 2023 and decreased by 12% compared to August 2024 to 41,665 tons, of which whiteleg shrimp exports to China decreased the most, down 52% compared to September 2023 and down 29% compared to August 2024. Whiteleg shrimp exports to the US, India's largest market, decreased by 3% compared to September 2023 and decreased by 12% compared to August 2024 to 19,964 tons. Overall, in the first 9 months of 2024, India's total whiteleg shrimp exports decreased by about 1% compared to the same period in 2023 to 416,859 tons. Despite the decrease in exports, farmgate prices remained largely stable. According to S&P Global Commodity Insights, the price of Indian FCA shell-on, head-off, tail-on (PDTO) shrimp, size 31-40/lb, was at USD 7,414/mt on 19 November 2024. Despite downward pressure on whiteleg shrimp prices since the final ...

Source: Vinanet