Indonesia Shrimp Market Update : October 5, 2015
Indonesia shrimp raw material supplies still tight and prices higher than India and Thailand.
Several factors: Disease outbreaks some months ago, cold weather from Australia affecting temperature differential in Indonesia and farmers delayed re-seeding after the Eil Al-Fitr holiday.
Expecting better supply towards end October/early November. Currently most just partial harvests occurring.
US demands are up and market is much more active now. Indonesian processors getting more aggressive on pricing despite high cost of raw material. Trying to claw back market share that went to India and more recently Thailand.