India Shrimp Market Update
Raw material prices are stable this week in Andhra Pradesh but the availability has not improved. Farmers doing their best to stabilize prices and that appears to be working. Some believe however that it’s a price correction due to recent drop in raw material prices.
In Orissa and Kolkata, farmers are continuing to harvest and at the same time monitoring prices in Andhra Pradesh. If prices in Andhra continue to move up, prices in Orissa & Kolkata will likely to go in the same direction.
The current landings in Orissa and Kolkata are only for 30,40,50 and 60 counts. Some farmers in Kolkata are also harvesting some small sizes where they encounter some mortality but this is uncommon.
Sales to Vietnam l remain solid and if this trend continues it is very likely to see prices rebounding over the next 2 weeks.