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October 5, 2015

India

Prices Continue to Improve

 

As processing plants compete for raw whole shrimp to fill pending orders, prices for some sizes of white shrimp (Penaeus vannamei) continue to firm.

 

During the last week of September 2015, prices for 70-count-per-kilogram shrimp and below were steady, while prices for larger sizes increased because they were in short supply.

 

Prices in Andhra Pradesh for 40, 50 and 60-count shrimp were all up for the week starting September 29, 2015.

 

The driver for the increase in prices has been a shortage of supplies, caused by farmers not stocking their ponds because of weak prices, and the need for processors to fill orders.

 

“For new orders, packers don’t have a clue what to quote,” said one Indian executive, who owns farms and a processing plant.  “With this existing price structure, importers are reluctant to place orders,” he said.

 

A USA-based executive who imports from India said, “I think they [prices] will hold around these levels for now, as there is not much activity, and many packers still have pending contracts that need filling up.”

 

Durai Balasubramanian, secretary of the Pattukottai Shrimp Farmers Association, which has 4,000 members, said, “The next big harvest will be in December.  Compared to last year, stocking is low.  The prices are stabilizing now, but the sense among farmers is prices will move up because over the last two years, prices were high in October.”

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman.  Indian Shrimp Prices Still Firming on Some Sizes as Packers Compete for Raw Material.  Tom Seaman  (undercurrent@undercurrentnews.com).  October 2, 2015.

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