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May 26, 2014


Shrimp Prices from the Shrimp List


Daniel Gruenberg ( It would be nice if some of our colleagues in Indonesia, India and Vietnam chimed in on the market situation in their countries.


Billy Setio ( reports: Shrimp prices in Indonesia are down 30-40%, while feed, power and postlarvae prices are up 15-20%, compared to 2014.  Shrimp prices continue to drop.


Freek Huskens ( Despite the price slide and increasing costs in Indonesia, most of us still have, I think, a profit margin of over 100%, so you can just imagine how exception 2013 was for us.


Pamindangan Farm ( In Indonesia, prices are declining every week, and I see more and more panic selling.  Farmers are harvesting 60-70-80 count shrimp per kilo, instead of the usual harvests of 40-50-60 count per kilo, because IMNV, WSSV and white feces disease are becoming more rampant and because farmers fear that they may have to sell larger shrimp at a loss.  The processors that I’m in contact with said that they bought more 60-70 count per kilo shrimp in the last ten days than in the previous six weeks, forcing them to decrease the price for those sizes because their customers are ordering smaller sizes.  Processors say that the slow business in the past two months is due to customers hoping for prices to stay low because of the Ecuador/Vietnam/China incident, which resulted in several hundred containers of shrimp being suddenly placed on the market.  That incident caused shrimp prices to drop worldwide.  Processors also think India and Vietnam may be able to dramatically increase their production by June, which would keep shrimp prices lower.  However, the drop in prices caused by the Ecuador/Vietnam/China incident is going to end sooner than later, and India and Vietnam may not be able to increase production quickly enough to keep prices low.


The panic selling creates a chicken-egg problem: farmers harvest early due to their conservatism, and the processing plants decrease prices because of the overwhelming supply of medium shrimp that they don’t have orders for.  As a reference, prices for shrimp larger than 20 grams are way above average, compared to smaller to medium sized shrimp.  In the past two weeks, the demand for larger shrimp has picked up again.


The Department of Fishery has announced that Indonesia produced 600,000 metric tons of shrimp in 2013, but an independent association of feed producers that has its own set of data says a total of 400,000 metric tons of shrimp feed were produced in Indonesia in 2013.  That equates to a feed conversion ration of 0.67.  Something is out of whack here.


I think now is the best time for buyers to start digging in because these are probably the lowest prices we’ll see in a while (unless something extraordinary happens of course).


Shivanagowda B.M. Gowda ( In India, we’re not seeing emergency harvests.  Here are some typical farm gate prices:


33-gram whole shrimp, $10.05 to $10.57 per kilo

25-gram whole shrimp, $6.48 to $6.98 per kilo

20-gram whole shrimp, $5.28 to $5.62 per kilo

17-gram whole shrimp, $4.94 290 per kilo

10-gram whole shrimp, $4.26 to $4.77 per kilo


Source: The Shrimp List (a mailing list for shrimp farmers).  Subject: Shrimp Prices.  May 23–25, 2014.

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