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for the Indian shrimp farming industry.
Shrimp prices rose to historic peaks at the beginning of the year, followed by a flood of Ecuadorian white shrimp entering the global market, which had a severe impact
on Asian shrimp demand.
Coupled with global inflation, feed and fuel costs have skyrocketed, directly impacting the
lowest farmers.
One of them, owner Nishanth Reddy, who is one of the Indian farming companies Seafood Joy, admits that India's high-density farming industry is becoming increasingly unsustainable
in the current market environment.
"The biggest problem is that when you raise more than 40 (per kilogram), the demand is getting less and less, which is the reality of the
past two months.
Medium sizes (such as 40-50 pieces) still have a certain profit, but the spread between 40 and 50 reaches $0.
7/kg, and the size is too large or too small to demand
.
”
in the current market environment.
"The biggest problem is that when you raise more than 40 (per kilogram), the demand is getting less and less, which is the reality of the
past two months.
Medium sizes (such as 40-50 pieces) still have a certain profit, but the spread between 40 and 50 reaches $0.
7/kg, and the size is too large or too small to demand
.
”
"The market decides everything, and the processing plant does not accept shrimp, mainly because there are no orders
abroad.
Recent prices have hit lows since the pandemic, and much of the industry is in the red
.
"I'm always looking at the international market, I'm looking at Ecuador production, they're increasing production every month, and I expected the processing plants to drive down prices, but I didn't expect it so suddenly
.
" ”
abroad.
Recent prices have hit lows since the pandemic, and much of the industry is in the red
.
"I'm always looking at the international market, I'm looking at Ecuador production, they're increasing production every month, and I expected the processing plants to drive down prices, but I didn't expect it so suddenly
.
" ”
According to Aquaconnect, prices continued to be depressed in Andhra Pradesh in week 45 (7-13 November), with 30 shrimp quoted at INR 430/kg (the lowest since November), 40 INR 380/kg, 60 INR 310/kg, 80 INR 270/kg and 100 40 INR 240/kg
.
.
Reddy said prices in the Nellore area were even lower, down 28 per cent
from last September.
"We know from processing exporters that orders in the U.
S.
are very low, and the recession in Europe has also led to a decrease
in orders.
When it comes to prices, the future doesn't look bright
.
from last September.
"We know from processing exporters that orders in the U.
S.
are very low, and the recession in Europe has also led to a decrease
in orders.
When it comes to prices, the future doesn't look bright
.
Reddy's farm covers an area of about 12 hectares and uses a high-density biofloc model
.
Even so, Reddy's gross profit is down 20 percent this year, largely because of sharply higher
feed and electricity costs.
"During the pandemic, feed prices (converted to average cost) were INR 67/kg, and now they have risen to INR 85/kg, an increase of 24%, while shrimp prices have not increased, or even fallen
.
"
.
Even so, Reddy's gross profit is down 20 percent this year, largely because of sharply higher
feed and electricity costs.
"During the pandemic, feed prices (converted to average cost) were INR 67/kg, and now they have risen to INR 85/kg, an increase of 24%, while shrimp prices have not increased, or even fallen
.
"
"Just in the last few years, feed prices have risen again, all necessary production materials, such as aerators, plastic films, etc.
, have increased by 35-50%, and it has become very difficult
for us to invest in new farms.
" Reddy said that the current shrimp price can no longer stimulate the large-scale planting of seedlings during next year's Spring Festival, "Many shrimp farmers will not invest at such a price point, especially when profits are falling, the more they cannot take risks
.
" If the profit is only 10-15%, plus the risk of disease outbreaks, be very cautious every day, because shrimp farmers need a minimum guarantee
.
”
, have increased by 35-50%, and it has become very difficult
for us to invest in new farms.
" Reddy said that the current shrimp price can no longer stimulate the large-scale planting of seedlings during next year's Spring Festival, "Many shrimp farmers will not invest at such a price point, especially when profits are falling, the more they cannot take risks
.
" If the profit is only 10-15%, plus the risk of disease outbreaks, be very cautious every day, because shrimp farmers need a minimum guarantee
.
”
Reddy also noted that India's high-density farming model is becoming increasingly unsustainable
.
"Ultra-high-density aquaculture means higher fixed cost inputs, and the aquaculture industry needs to have a long-term vision, if these long-term expenditures do not see benefits in the short term, the industry will not upgrade
.
" Indian farmers must make decisions, either to learn from Ecuador for low-density farming or from Vietnam for fine management
.
These semi-intensive models are not promising and will soon be phased out because India's biosecurity conditions do not allow it
.
”
.
"Ultra-high-density aquaculture means higher fixed cost inputs, and the aquaculture industry needs to have a long-term vision, if these long-term expenditures do not see benefits in the short term, the industry will not upgrade
.
" Indian farmers must make decisions, either to learn from Ecuador for low-density farming or from Vietnam for fine management
.
These semi-intensive models are not promising and will soon be phased out because India's biosecurity conditions do not allow it
.
”
"By taking the low-density route, at least the risk of disease outbreaks is smaller and losses are reduced
.
" However, our seedling density is relatively high, 200-220 per square meter, and we are expected to produce 1,500 tons
this year.
Reddy said
.
.
" However, our seedling density is relatively high, 200-220 per square meter, and we are expected to produce 1,500 tons
this year.
Reddy said
.
