Week 38 global shrimp price overview: India prices rebound, Ecuador prices stable

Ecuador white shrimp pond prices remained stable compared to last week, with raw material prices generally staying high. However, Ecuador's policy of canceling fuel subsidies may introduce some uncertainties.

An Ecuadorian shrimp farmer said, "This country is too difficult. Transportation workers are now threatening to strike. The president wants to cancel diesel subsidies, and all operations will be affected. It is still unclear what will happen in the future."

Ecuador authorities have started to implement a policy to cancel diesel subsidies for the transportation sector, which may lead to an increase in freight costs. Overall, farmers are relatively optimistic about recent demand, with September and October being the peak export season for the European and American markets.

Indian prices have rebounded

In the 38th week, the average price of 30-count shrimp in Andhra Pradesh, India's main production area, increased by INR 10/kg. Industry insiders believe that the pressure on India from U.S. tariffs has eased, and raw material supply is relatively tight.

Durai Murugan, General Manager of Sea Gem Aqua farms, told UCN, "The price increase is influenced by multiple factors, including a decrease in seed stocking and raw material shortages. The sharp rise in U.S. wholesale prices has led exporters to expect many U.S. orders to return to India in the coming weeks."

Starting from August 27, the U.S. imposed a 50% tariff on Indian products, causing some shrimp farmers to reduce or delay seed stocking due to concerns about cultivation risks.

Indonesian white shrimp market remains stable

In the 38th week, the price of large-count (30-count) white shrimp in East Java, Indonesia, remained stable, while the prices of 40-count and 50-count shrimp decreased.

The impact of the radioactive incident on Bahari Makmur Sejati (BMS), a well-known Indonesian exporter, is still ongoing. Three of BMS's processing plants have been banned, forcing many shrimp farmers in Aceh and North Sumatra to transport white shrimp to processing plants in Jakarta, 2,300 kilometers away, significantly increasing transportation costs.

Vietnamese prices remain high

In the 38th week, Vietnamese white shrimp prices remained stable overall, with slight decreases in some counts. Sources report that as of last weekend, major processing plants maintained stable purchasing volumes, but some count purchasing prices were reduced. In the coming weeks, the supply of 80-count shrimp in Vietnamese farming areas will remain tight.

Meanwhile, Vietnamese black tiger shrimp prices have fallen from high levels, with larger counts experiencing greater declines than smaller counts.

Thai shrimp prices remain stable

Finally, in the 38th week, Thai white shrimp prices remained stable compared to the previous week, with Thai shrimp prices showing no significant fluctuations for several consecutive weeks. Currently, the average price in Thailand is still below the same period last year, with a year-on-year decline of 2-3%.