India Vannamei Market Update : September 16, 2015
Vannamei raw material prices in Andhra Pradesh have moved up another 20-40 Rupees/kg across the board. Farmers are simply supplying to the highest bidder. The competition among packers for raw material is high since most of them have pending orders to fill.
Raw material supplies are also tight in other India east coast areas. However raw material prices in Odisha and Kolkata are still cheaper than those in Andhra Pradesh. That is likely a result of slower demand from Vietnam and China which have become the main market for Indian Vannamei, especially for Odisha and Kolkata packers.
We have seen some raw material from Orissa and Kolkata is being delivered to those packers in Andhra Pradesh now.
We are hearing that by early October, some landings are expected in Odisha & Kolkata but likely will be medium and smaller sizes (41/50 pcs/kg and smaller ). This may be referred to as 2nd crop in Odisha & Kolkata but the volume will be significantly less than the main crop which has just finished.
