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August 19, 2015

India

Shrimp Prices

 

In Indian, Penaeus vannamei prices are stable as buyers move to secure limited supplies ahead of the September harvest.  Whole shrimp prices have been fairly stable since the first week of August, but slip lower on the largest sizes.

 

Prices in Orissa and West Bengal are moving closer to those in Andhra Pradesh, based on strong demand.  Now, all three east coast states are seeing similar prices, whereas at the start of the month prices were higher in Andhra Pradesh.

 

On August 17, 30-count whole shrimp were selling for $5.66 a kilogram, down from $5.99 the previous week and from $6.30 in much of the previous month.

 

Forty-count whole shrimp remain stable at $4.77 a kilo, 60-count at $3.68 and 100-count at $2.91.

 

Supplies in Orissa have come down drastically because around 70-75% of the current crop has been harvested, which means it will be finished by the end of August.  The new crop will arrive in September with most likely 70-count shrimp and smaller.

 

The main crop in Orissa and West Bengal is likely to be finished by the end of August, and the next harvest will start in September and will run through November.  The main sizes are expected to be 30, 40 and 50 counts (80%) and the rest will be 60 counts and smaller.

 

Farmers in Andhra Pradesh are producing 16/20s, 21/25s, 26/30s and some 31/40s.  From September onwards, most farmers will harvest 30, 40 and 50 counts.

 

In the state of Tamil Nadu, survival rates have been improving drastically, according to Durai Balasubramanian, secretary of the Pattukottai Shrimp Farmers Association, which has 4,000 members.  He said: “The recent harvest has been so successful, including my own farm; we were able to produce 25 and 30 counts.  “Credit goes to the Marine Products Exports Development Authority and the Coastal Aquaculture Authority for putting so much effort into regulating hatcheries.”  He said the majority of farmers are hoping to produce 20 to 25 counts because large sizes reduce production costs, increase output and have better survivals.  Thirty-count whole shrimp continue drop in price because farmers who stocked their ponds in April are all harvesting at the same time.  The current price for 30-count shrimp is around $5.69 a kilo.  He added that the market is a little uncertain now, and many farmers are unwilling to stock.  Consequently, postlarvae prices are falling.

 

Heading into the cool season, it becomes harder to produce large shrimp, even at low stocking densities.  Current postlarvae prices are not high enough to support hatcheries, said Balasubramanian, and farmers tend to be unwilling to take a risk in the cooler climate.  “The only way to survive in the current shrimp market is to produce 20 to 25 counts,” he added.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Largest Indian Shrimp Prices Easing, but Demand for Smaller Shrimp Up.  Neil Ramsden (neil.ramsden@undercurrentnews.com).  August 18, 2015.

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