Bangladesh Shrimp Market Update : May 18, 2017
According to shrimp exporters, last Bangladesh shrimp harvest (goan) was disappointing. There were high mortality rates caused to some degree by unseasonably high temperatures.
1. Landings on large sizes i.e. HLSO 8/12 to 16/20 is far below expectations.
2. Total supply has been decreasing over past few goans which has pushed prices up significantly.
Shrimp suppliers are saying that some major processors have slowed down or stopped new offers over the past few days until the total harvest volume of the current goan is more clear.
Shrimp suppliers advise estimated size breakdown of currents landings based on HLSO sizes:
16/20 – 10%
21/25 – 20%
26/30 – 25%
31/40 – 25%
41/50 – 10%
51/60 – 5%
Rest – 5%
Over the past 7 days the market prices from shrimp suppliers has moved up $0.20/ lb on average. This trend is likely to continue until the Vannamei season in India gets into a full swing.
Black Tiger demand still very high in Europe and Japanese buyers are moving into the market due to lack of supplies of Black Tiger in India. If Japanese buying continues, prices will certainly continue to move up.