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July 17, 2014

China

Farmed Shrimp Prices Fall 30 to 50 Percent

 

According to the China Aquatic Products, Processing and Marketing Alliance (CAPPMA), a flood of farmed white shrimp (Penaeus vannamei) has caused domestic shrimp prices to plummet.  Since late May, prices for white shrimp have plunged by about $1.60 to $3.20 a pound for 40-count, whole shrimp.  Farmers have been harvesting small shrimp early in the season because they fear losing their crops to disease.  Demand for small shrimp is limited.  Even more shrimp is expected to enter the market over the next several weeks.  No improvement in prices is expected until August or September.

 

In addition, shrimp farmers in southern China face weather related challenges during the summer.  Heavy rainfall and hot weather affect the pH and temperature of the ponds, resulting in algae crashes, low oxygen, bad water quality, stress and mortalities.  Newly stocked shrimp are especially vulnerable to sudden changes in the weather.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Domestic Shrimp Prices Fall 30% to 50% in China Due to Heavy Harvesting of Ponds.  Translation by Amy Zhong.  July 17, 2014.

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