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Producers are waiting on the rest of the value chain to shift stocks still left over from the pandemic -- at a loss, in some cases -- but there are some slight signs of recovery
“Due to the decline in market prices across all seafood items, it's likely that only a limited number of shipments will meet or exceed the USD 250,000 threshold per container. "
Shrimp Raw material price in Thailand is very high at the moment. This year price is significantly higher than last year. From our reservation, the price of Nov2021 is higher than Nov 2020 around 10%.
The freight rate is still strong and it very difficult to get any space confirmation. Some liners do not offer the service to some ports like Chicago
Suppliers are finding that depending on different port, the freight from China to LA and New York is not same, from Zhanjiang to LA