 Home > Food News > Food Articles > Indian shrimp prices continue to be low, and the willingness to seed is obviously insufficient, and the annual output value may shrink by 25%

Indian shrimp prices continue to be low, and the willingness to seed is obviously insufficient, and the annual output value may shrink by 25%

 Last Update: 2022-12-29
 Source: Internet
 Author: User

Tags

business

chain effect

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

At the end of 2022, the price of South American white shrimp in India continued to be low, and the willingness to plant seedlings in Andhra Pradesh, the main producing area, was obviously insufficient, and the shrinkage of India's annual production has become a high probability event
.

According to Aquaconnect, an Indian seafood service provider, the price of 30 size (per kg) prawns in the Andhra Pradesh region in week 49 has been as low as INR 380/kg ($4.
60/kg) for four consecutive weeks, the lowest point in years
.

Manoj Sharma, managing director of Mayank Aquaculture, an Indian fisheries business, told UCN: "The current price is down 32% from the end of last year, which is a very sad situation
.
Unfortunately, farmers are at the bottom of
the value chain.
”

"The impact of the global economic crisis on aquaculture was so great that we had to sell our products
10-20% below cost.
There is no doubt that India's production will fall by 20% this year, and the value of production will fall by at least 25%, and we do not yet know how farmers will respond
.
Sharma added
.

Another source said only 20-25% of the ponds in Andhra Pradesh are still operating
.
"Low prices have had a big negative effect on winter seedlings, and farmers are very confused to see that production costs are rising, but prices are falling
.
If the situation does not improve, it will definitely affect next summer's harvest
.
”

In Andhra Pradesh, India, other sizes of white shrimp are also not well
priced.
40 were flat at INR 340/kg, 60 at INR 270/kg, 80 at INR 240/kg, and 100 at INR 210/kg
.
Compared with the beginning of this year, the specifications have fallen by 10-20%, and the decline in large specifications is more pronounced
.

According to sources, the main harvest size at this stage is 60-100 small shrimp, the demand for large-sized white shrimp in overseas markets is still very limited, American and European consumers are facing rising living costs, and Ecuador production is still increasing
significantly.
Currently, Indian shrimp prices are lower than in Vietnam, Thailand and India, but slightly higher than in Ecuador
.

"I expect the next year and a half to be very difficult, with higher costs in Gujarat, especially feed, which has risen by 27%
after the pandemic.
Andhra Pradesh farmers can still make at least a break-even, or a small 10%
profit.
Sharma said
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.