Asia shrimp market update : June 9, 2015
Thailand raw material supplies are continuing to improve. Although production is still massively down from 2010, things are getting better, step by step.
Indonesia production will be higher than last year. Currently Indonesian processors are struggling to get orders due to the lack of orders from the USA and very competitive pricing from India.
Indian production will also be higher than 2014. Production will continue to increase through the month of June and some downward price adjustment is expected towards the end of the month.
Vietnam production is expected to be higher than last year although Vietnam continues to import large quantities from India for further processing. Vietnam processors are holding their prices firm, expecting the market to move up when main holiday season purchases get underway from USA and later Europe but that might be wishful thinking.
Chinese production is still an unknown at this point, we hear about ongoing disease issues but really won’t have a clear picture of the situation until end June when main harvesting begins.