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    Home > Food News > Food Articles > The Argentine red shrimp market is sluggish, with fewer orders from Europe and China, and the industry continues to roll in

    The Argentine red shrimp market is sluggish, with fewer orders from Europe and China, and the industry continues to roll in

    • Last Update: 2022-09-06
    • Source: Internet
    • Author: User
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    fishery
     
    Federico Angeleri, commercial director of Argentine fishery producer Grupo Veraz, said: “Every time the industry asks for a new fishing area, it is often because the red shrimp resources in the old area are insufficient
    .
    Once the new area is launched, almost all the fleets will pass
    .
    In the first few days, The fishing situation in the new area is usually good, but the shrimp population disperses quickly, and the good catch only lasts about a week
    .
    But this time, the ideal production only lasted for one day, so the fleet had to wait and see the shrimp Whether the group gathers again
    .
    "
     
    Fernando Alvarez, general manager of Conarpesa, another large fishing company, said: "We were informed by the captain on Monday that a lot of fishing boats have entered the new area, and the high production period may not last
    .
    "
     
    According to several local media reports, due to the unsatisfactory production, many ships have started to move north, so that they can at least ensure the maintenance of daily production
    .
     
    On the other hand, the market for Argentine red shrimp is still not optimistic
    .
    European demand has been very subdued in the summer months, and in recent months all sizes have fallen by $2/kg compared to last year
    .
    Among them, the price of L1 specifications fluctuates in the range of $7-$7.
    20/kg, and the prices of L2 and L3 specifications are around $6.
    60-$6.
    70/kg
    .
    At this time last year, the price of each size was as high as $9/kg or more
    .
     
    Angeleri said, “At the beginning of 2022, the stock of red shrimp will be high, because last year’s Christmas sales were far less than expected
    .
    Many producers have high hopes for overseas markets, but the reality is that consumption has dropped significantly, and we still have a lot of last year ’s sales.
    Inventory is not sold
    .
    "
     
    Argentine industry has blamed the sluggish market on the war in Ukraine, the new crown epidemic, rising fuel prices, logistics difficulties and the depreciation of the euro
    .
    "With a combination of headwinds, the red shrimp market can no longer match 2021,
    " Angeleri said
    .
     
    Alvarez said the Argentine red shrimp industry is facing its most difficult period since the pandemic
    .
    "Looking back to the summer of 2021, when many crew members were infected with the new crown virus, the ships were unable to go to sea, and the catch was reduced.
    At that time, I saw that the price had been rising, all the market demand was strong, and the market atmosphere was very strong
    .
    Now it is the opposite
    .
    "
     
    "In 2021, Chinese demand will shrink, and orders will be significantly reduced.
    This year, the number has increased, but the number is still limited
    .
    We can only breathe if China can get bigger orders this year
    .
    China used to be one of our main export markets, but We cannot have high expectations because it is unrealistic for Chinese buyers to clear all our capacity,
    " Alvarez added
    .
    China
     
      On the other hand, demand for Argentine red shrimp from other Asian markets such as Japan, South Korea and Taiwan has remained stable this year, Alvarez said
    .
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