Shrimp Market Update - Indonesia : January 15, 2016
Indonesia vannamei shrimp prices increasing rapidly. Raw material for larger sizes up as much as USD 0.40/kg.
Large sizes short due to slow growth and failed harvests.
Some Indonesia packers delaying shipments due to lack of availability of larger sizes. Price differences between contract prices and current market as high as USD 0.70/lb.
Expect Indonesia prices to continue to firm. Current harvest cycle ends in Feb. No relief in sight.