Global: Vietnamese shrimp prices rise sharply, while Ecuador remains stable

Published Oct 24, 2024

Tridge summary

In the 43rd week of 2024, white shrimp prices showed significant variation across major producing countries. Ecuador maintained stable prices despite an energy crisis, ranging from $2.60 to $3.75 per kg. Vietnam experienced a sharp price increase, reaching up to $5.19 per kg due to higher purchase prices by processing plants. India's prices remained stable, influenced by Chinese demand and low shrimp seed supply, with prices between $3.72 and $4.68 per kg. Indonesia saw a price decline, notably a 10% drop in East Java, while Thailand's prices remained stable with potential future increases uncertain.

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

Original content

In the 43rd week from October 21 to 27, 2024, the price trends of major white shrimp producing countries in the world showed significant differences. In Ecuador, the price of white shrimp at the pond remained stable in the 42nd week, but its production capacity was severely affected by the energy crisis. According to the latest data, the price of white shrimp of 30-40 pieces/kg was US$3.75/kg, the price of 40-50 pieces was US$3.50/kg, the price of 50-60 pieces was US$3.30/kg, the price of 60-70 pieces was US$3.00/kg, and the price of 70-80 pieces was US$2.60/kg. The price of white shrimp in Vietnam rose sharply in the 43rd week, especially the price of small and medium-sized shrimp. According to Otanics Data from Technology shows that the price of 50 pieces/kg of white shrimp has risen to US$5.19/kg (about 126,000 VND), 60 pieces/kg is priced at US$4.90/kg (about 119,000 VND), and 70-80 pieces/kg are priced at US$4.57/kg (about 111,000 VND) and US$4.33/kg (about 105,000 VND) ...

Source: Foodmate