Specifically, in the Guayaquil region, the 20/30 specification dropped to $5.10/kg; 30/40 fell to $4.10/kg; 40/50 dropped to $3.65/kg.
November and December are the peak production months in Ecuador, and U.S. and European buyers have completed their Christmas stocking needs, leading to a short-term decline in demand.
An Ecuadorian producer said: "The price of head-on shrimp has dropped somewhat, but not as much as expected. The price of head-on shrimp from Santa is relatively low, and production will increase significantly in November and December. Christmas stocking is already complete, and Chinese procurement has also ended, as it is every year at this time."
Not all industry insiders believe that prices will continue to fall. One shrimp farmer stated that prices will rise in the coming weeks because demand in markets other than the U.S. is increasing.
Indian shrimp prices rise slightly
In the 48th week, the price of farmed white shrimp in Andhra Pradesh, India, increased by INR 5/kg ($0.06/kg).
Indian exporter Bharat Kakani said: "Current demand is very good, pond prices have risen significantly and are expected to continue rising. The harvest season for white shrimp is nearing its end, with 90% of the harvest completed, and the remaining portion will be finished in the coming weeks."
Another source said that many farms have found white spot disease, which has affected production and led to supply shortages. The market for black tiger shrimp is also showing signs of recovery, with strong demand from China and Europe, and not much remaining stock.
Vietnam prices continue to rise
In the 48th week, the price of white shrimp in Vietnam continued to rise, with increases of around VND 1,000/kg ($0.04/kg) across various specifications.
The current price for 30-count shrimp is about 46% higher than the summer low. Due to a decrease in raw material supply, large processing plants have started to slow down their purchases.
Vietnam black tiger shrimp prices remained stable compared to the previous week, with pond prices for 20-count shrimp at VND 211,000/kg.
Indonesian prices diverge, with small and medium sizes falling
In the 48th week, Indonesian shrimp prices showed a divergent trend, with 40-count prices rising by IDR 3,000/kg, 60-count prices remaining stable, while 30, 50, and 70-count prices fell, with small sizes dropping by around IDR 5,000/kg ($0.31/kg).
Thailand prices rise
Finally, in the 48th week, the price of white shrimp in Thailand began to rise, with increases in the range of THB 2.5-THB 5.0/kg ($0.15/kg).