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February 29, 2016

India

Volatile Shrimp Prices at the Beginning of 2016

 

Durai Balasubramanian, secretary of the Pattukottai Shrimp Farmers Association in the state of Tamil Nadu, said the recent dip in Indian shrimp prices in late February 2016 could mean a repeat of 2015, when farmers decided against stocking ponds, leading to a raw material shortage.  Prices are in a downward trend, and the market has been extremely volatile.  Balasubramanian said we’ve seen prices drop around $0.29 to $0.44 on most count sizes.

 

Producing 30-count, whole shrimp has remained difficult, and many farmers are likely to reduce stocking densities in a bid to grow larger shrimp.  Prices for smaller shrimp remain stable.

 

Balasubramanian said white feces diseases would be a challenge when summer arrives.  “Hopefully a solution for white feces and EHP [Enterocytozoon hepatopenaei] will arise this year,” he added.

 

Demand for Indian shrimp from the USA, China and Vietnam remains dull, although exporters expect business to pick up in March 2016.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Volatile Indian Shrimp Prices Prompt Concerns of Another Raw Material Shortage.  Neil Ramsden (neil.ramsden@undercurrentnews.com).  February 29, 2016.

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