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June 26, 2015

India

Heavy Rains Force Early Harvests, Prices Drop

 

Heavy rains in the state of Andhra Pradesh, the heart of India’s shrimp farming region, have forced farmers to harvest early, causing farm-gate prices for all sizes of Penaeus vannamei to drop, except for 90 and 100 count per kilogram whole shrimp.

 

Indian processors are dropping export prices for customers in the USA because Indonesian processors are offering lower prices.  USA buyers have been holding back on making big commitments and only buying to cover holes in their inventories.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman.  Indian Shrimp Prices Dive as Heavy Rain Forces Harvesting.  Tom Seaman  (undercurrent@undercurrentnews.com).  June 26, 2015.

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