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by controlling feed costs and setting minimum prices.
On October 14, the committee held its first meeting in Vijayawada and called for the industry to reduce feed costs by INR 2.
60-INR 2.
80 ($0.
03/kg) per kilogram of finished shrimp feed, and to require that 100 shrimp sizes (per kilogram) be priced at no lower than INR 240 ($2.
90)/kg
.
However, more than half a month has passed, and the Commission's efforts have not yielded significant results
.
According to Aquaconnect, there was no significant increase in raw material prices in Andhra Pradesh in week 44 (October 31 to November 6), with 30 INR still priced at INR 430/kg, 40 at INR 380/kg, 60 at INR 310/kg, 80 at INR 270/kg and 100 at INR 240/kg (below cost).
Against the backdrop of a stronger dollar, shrimp prices are even weaker
.
.
According to Aquaconnect, there was no significant increase in raw material prices in Andhra Pradesh in week 44 (October 31 to November 6), with 30 INR still priced at INR 430/kg, 40 at INR 380/kg, 60 at INR 310/kg, 80 at INR 270/kg and 100 at INR 240/kg (below cost).
Against the backdrop of a stronger dollar, shrimp prices are even weaker
.
Sheraz Anwar, CEO of exporter Abad Fisheries, told UCN: "The purpose of the meeting is to stop prices from falling, but if the market does not accept it, it will not work
.
" ”
.
" ”
Durai Murugan, general manager of Sea Gem Aqua Farm, an Indian shrimp farming company, complained: "If the price is not reversed, I am afraid that no one will plant seedlings in the short term, and the government's efforts will be in vain
.
" ”
.
" ”
"From an exporter's perspective, a lot of the problems are similar to previous years, but this year they are more serious
.
Demand in major global markets is weak, the United States' own inventory is too high, and many Ecuadorian orders have flowed to the United States; Sales in China have slowed sharply, and many factories have not been able to operate normally; European demand is also declining, and Indian shrimp still faces a 50% sampling rate
.
Murugan said
.
.
Demand in major global markets is weak, the United States' own inventory is too high, and many Ecuadorian orders have flowed to the United States; Sales in China have slowed sharply, and many factories have not been able to operate normally; European demand is also declining, and Indian shrimp still faces a 50% sampling rate
.
Murugan said
.
On the other hand, the price of black tiger shrimp in India is also falling
.
Manoj Sharma, managing director of Mayank Aquaculture, a Gujarat farming company, said: "Recently, the price of black tiger shrimp has fallen by 35%, even lower than that of white shrimp in South America, so shrimp farmers are less willing to switch
.
The export demand for black tiger shrimp is zero, and the processing plant does not charge at
all.
The price of large-size black tiger shrimp has also decreased by INR
100-120/kg compared to the beginning of this year.
”
.
Manoj Sharma, managing director of Mayank Aquaculture, a Gujarat farming company, said: "Recently, the price of black tiger shrimp has fallen by 35%, even lower than that of white shrimp in South America, so shrimp farmers are less willing to switch
.
The export demand for black tiger shrimp is zero, and the processing plant does not charge at
all.
The price of large-size black tiger shrimp has also decreased by INR
100-120/kg compared to the beginning of this year.
”
