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C.
Avanti Feed, General Manager Ramachandra Rao said: "Because the price of white shrimp is so low, many farmers in Andhra Pradesh have said that they want to 'rest' and the sales of shrimp feed have also dropped
significantly this year.
Exports have fallen sharply, the United States and Europe have fallen into recession, the Chinese market has been locked down due to the epidemic, coupled with fierce competition from Ecuador, the shrimp industry is facing an unprecedented crisis
.
”
Avanti Feed, General Manager Ramachandra Rao said: "Because the price of white shrimp is so low, many farmers in Andhra Pradesh have said that they want to 'rest' and the sales of shrimp feed have also dropped
significantly this year.
Exports have fallen sharply, the United States and Europe have fallen into recession, the Chinese market has been locked down due to the epidemic, coupled with fierce competition from Ecuador, the shrimp industry is facing an unprecedented crisis
.
”
Earlier this year, Avanti Feed expected Indian shrimp feed demand to rise 15 percent from last year to 1.
2 million mt
.
However, according to Avanti's latest forecast, Indian shrimp feed consumption fell to 97.
5-1 million tonnes this year, with Avanti accounting for about
60% of India's share.
2 million mt
.
However, according to Avanti's latest forecast, Indian shrimp feed consumption fell to 97.
5-1 million tonnes this year, with Avanti accounting for about
60% of India's share.
On November 17, local officials in Andhra Pradesh held consultations with exporters and advised shrimp farmers not to recuperate passively, but to adopt rotational, reduced-density shrimp farming to tide over the crisis
.
.
"There is much controversy about this proposal, and it remains to be seen
whether farmers will adopt it.
If farmers do not plan to recuperate, feed sales in the next fiscal year (ending March 31, 2023) are expected to be the same
as this year.
"Recuperating one shrimp is not good for the industry as a whole, and it is hoped that all stakeholders, farmers, exporters, feed manufacturers and shrimp hatchers can live in harmony to overcome the current crisis and ensure sustainable growth
.
" ”
whether farmers will adopt it.
If farmers do not plan to recuperate, feed sales in the next fiscal year (ending March 31, 2023) are expected to be the same
as this year.
"Recuperating one shrimp is not good for the industry as a whole, and it is hoped that all stakeholders, farmers, exporters, feed manufacturers and shrimp hatchers can live in harmony to overcome the current crisis and ensure sustainable growth
.
" ”
"In fact, India's production cuts do not mean a rebound in global shrimp prices, the sluggish market is likely to continue for another two quarters, Europe and the United States have seen demand decline due to recession, and China continues to be locked down due to
epidemic prevention policies.
" In addition, Ecuador has become the world's largest shrimp farmer and is shipped to the US market with lower freight rates, all of which will lead to a reduction in production in India
.
Rao said
.
epidemic prevention policies.
" In addition, Ecuador has become the world's largest shrimp farmer and is shipped to the US market with lower freight rates, all of which will lead to a reduction in production in India
.
Rao said
.
