The price of white shrimp in China is on the rise and the price in Thailand has reached a new high in many years

Published Sep 19, 2024

Tridge summary

In the late summer of 2023, the global shrimp market experienced significant price fluctuations, with Thailand, China, Vietnam, Indonesia, India, and Ecuador all facing unique trends. Thailand saw its ex-pond shrimp prices reach a high point since 2017, with white shrimp priced at US$4.47 per kilogram, due to increased demand and high market prices. China's shrimp prices also increased, influenced by the Mid-Autumn Festival and reduced fishmeal costs. Conversely, Vietnam witnessed a sharp rise in shrimp prices, only to see a slight decrease in Indonesia amidst overall increases, as Ecuador's prices remained stable after a previous decline. These changes occur against the backdrop of anticipated reductions in shrimp imports by the United States and China for 2024, highlighting the complex interplay of supply, demand, and international market dynamics.

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

Original content

According to the latest global data, Thailand's ex-pond shrimp prices reached the highest level since 2017 in the 37th week of 2023 (September 9-September 15), and prices in the Chinese market also showed an upward trend. At the same time, Vietnamese shrimp prices rose sharply again after a brief stabilization, while Indonesia saw a significant price drop in the 38th week (September 16-September 22). Thailand: Shrimp prices hit a multi-year high The price of white shrimp in Thailand with a size of 60 pieces/kg reached its highest level in the same period for the first time since 2017. In week 37, Thailand's ex-pond price averaged US$4.47 per kilogram, surpassing all major shrimp producing areas except China. Among them, Vietnam's price was US$4.32 per kilogram, Indonesia's was US$4.08 per kilogram, India's was US$3.82 per kilogram, while Ecuador maintained the lowest price, with a size of 60-70 pieces/kg at US$3.30 per kilogram. Talay, Thailand Data from the Thai wholesale market ...

Source: Foodmate