India Shrimp Market Update : December 12, 2017
According to shrimp exporters, Vannamei prices have been showing some volatility in India over the past week. Shrimp suppliers are seeing an increase of INR 5-20/kg on HOSO sizes 30, 50, 60 and 70 pcs/kg. However, prices on sizes 40, 80, 90 and 100 remain mostly unchanged.
Frozen seafood suppliers believe firmer prices are mostly the result of main harvesting seasons in Orissa and Kolkata winding down. Only approximately 10% remains to harvested in those 2 areas and that limited supply is mainly going to processors who help finance farmers to cover feed and other costs. Supplies in Orissa and Kolkata will be finished within about 2 weeks.
In Andhra Pradesh, landings are mainly with 50, 60 and 70 HOSO pcs/kg while other sizes are scarce. Shrimp exporters expect supplies will remain low through December. However, markets, especially North America, are quiet at this time. Most processors still expect raw material prices to move up to some degree over next few weeks.
Shrimp suppliers advise that there is some harvesting in Tuticorin region but the sizes are quite small i.e. 60 to 100 pcs/kg counts. Generally the price of finished product from Tuticorin processors is USD 0.20-0.30/kg higher than the market price but some buyers are still willing to pay higher price for certain brands from Tuticorin.