Bangladesh Shrimp Market Update : Mar 30, 2017
Black Tiger production in Bangladesh is currently affected by the weather. Unseasonably cold weather has affected a number of farming areas resulting in increased incidence of disease and crop mortality according to black tiger shrimp suppliers. As a result production is below expectations and the current harvest will last for only another day or so. Main landings are HLSO sizes 31/40 down to 71/90.
Due to strong global demand for Black Tiger and lack of supply from Vietnam and India, prices are firm and moving up in some cases. Processors and black tiger shrimp suppliers are booking orders with caution with last year’s troubles still fresh in mind when they faced big losses due to supply shortage and major price increases. Most Bangladesh processors are carefully observing the harvesting trend before confirming any new contracts
This year the large sizes Black Tiger are not expected to be available before mid of May which is very late.
The next harvests (goans) are expected around 12th April and then end April. Most processors and black tiger shrimp suppliers expect to have sufficient raw materials by end April to sell in volume. Hence it is expected that Black Tiger sales volumes from Bangladesh will increase during or after the Brussels show.