[title element=’h2′ color=’fff700′]India shrimp prices back up as Thai processors continue raw material fight : November 20, 2014[/title]
Tom Seaman – UNDERCURRENT NEWS
Shrimp raw material prices in India are rising again, as prices in Thailand are flat at a high level.
Before the China Fisheries and Seafood Expo, Indian prices had dropped, but have since rebounded.
In Thailand, prices are still firm as “packers fight for raw material to complete orders”, Jim Gulkin, managing director of Siam Canadian Group, told Undercurrent News.
For 60 per kilogram count shrimp, Thai prices were THB 195-198/kg for the week Nov. 10-15, flat on the previous week. For 70 count, prices were THB 183-191/kg, down slightly from THB 190-193 for the previous week. Prices for 80 count were THB 175-182/kg, compared to THB 180-182/kg the previous week.
As for India, China’s season is over, with prices up and imports there picking up, said Gulkin.
Strong demand from China and Vietnam is pushing the price up almost all the sizes, another source dealing with India told Undercurrent.
The rise in India is more supply driven, another source said.
“It’s basically due to lower arrivals. We are also heading into lower production months as most farmers complete harvests and start preparing their ponds for new stocking,” a source with an Indian shrimp supplier told Undercurrent. “Many farmers are also complaining about slow growth, which is not surprising for the winter crop, as dissolved oxygen levels get lower and the shrimp are under stress.”
Farmers in the main production areas, such as Andhra Pradesh, plan to start stocking from the end January to March, depending on the salinities in farming areas, he said. “This trend was different in the last couple of years, due to high prices and shortage of post larvae.”
The vannamei availability continues to come down in Andhra Pradesh, said the first source dealing with India. “It appears that the farmers there are busy with the new stocking and will be ready for harvesting at around the end of January or early of February, with 50,60 and 70 counts as predominant sizes.”
In Orissa, the main season for both vannamei and black tiger will come to an end by next month, he said.