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by controlling feed costs and setting minimum prices.
It is said that after receiving many requests from farmers, the state government and multi-sectoral empowerment committees have been formed to support
the shrimp industry through government-level intervention.
the shrimp industry through government-level intervention.
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
.
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
.
Sheraz Anwar, CEO of Indian exporter Abad Fisheries, told UCN: "The decline in Indian shrimp prices since mid-September and the continuous influx of Ecuadorian white shrimp into various markets have further weakened
the already high inventory cost pressure.
”
the already high inventory cost pressure.
”
News of the establishment of the commission was widely welcomed by the shrimp farming industry, with some farmers suspending harvesting pending price increases
.
Durai Murugan, managing director of Indian producer Sea Gem Aqua Farms, said: "Many farmers have been losing money recently, mainly because feed costs have risen sharply and have reached an exponential level, and the price of shrimp on the market is well below the cost
of production.
The cost of 100 birds (per kg) is about INR 280-290/kg, and the price of the pond is only INR 240/kg, so there is a loss of INR 40-50
per kg.
”
.
Durai Murugan, managing director of Indian producer Sea Gem Aqua Farms, said: "Many farmers have been losing money recently, mainly because feed costs have risen sharply and have reached an exponential level, and the price of shrimp on the market is well below the cost
of production.
The cost of 100 birds (per kg) is about INR 280-290/kg, and the price of the pond is only INR 240/kg, so there is a loss of INR 40-50
per kg.
”
"The committee will also set recommended prices based on weekly market conditions, processors and feeders are in dialogue with each other, and any decisions made by the committee are consulted
with all stakeholders in the industry.
" Murugan said that at this stage, only 40 large-sized white shrimp are profitable, and export demand is generally weak
.
with all stakeholders in the industry.
" Murugan said that at this stage, only 40 large-sized white shrimp are profitable, and export demand is generally weak
.
"The market has been very volatile this year, with the Indian rupee at an all-time low against the dollar
.
We hope that Chinese New Year demand will be boosted, but only time will tell
.
Murugan said
.
.
We hope that Chinese New Year demand will be boosted, but only time will tell
.
Murugan said
.
