OfBusiness Shrimps Dailies

9th June’23

Price

• There have been slight fluctuations in the supply prices of Shrimp since yesterday. The price for 30-40 count is now around Rs.365/Kg . The price for 50-60 count remains unchanged at Rs.300/Kg . The price for 40-50 count is Rs.325/Kg . The price for 60-70 count also remains the same at Rs.285/Kg .

Demand and Supply

• While heat and viral concerns are impacting shrimp supply in other Asian countries, the supply from India remains stable. Demand for shrimp is consistent and showing signs of improvement.

News

• Shrimp farmers in Bangladesh face losses from heat and drought, while river deepening exacerbates water shortages.
• Shrimp resources are abundant in the sea, particularly in the south and north of Argentina, according to the INIDEP Shrimp Program.
• The Ministry of Maritime Affairs plans to establish shrimp ponds spanning 1,800 hectares in East Nusa Tenggara.
• The Ministry of Fisheries in Indonesia aims for a shrimp production target of 2 million tons by 2024.
• Mohsen Sooreh Tabar highlights Bushehr province’s potential in sea-oriented economy, aquaculture, and marine trade during the opening ceremony of the Shrimp Breeding and Multiplication Complex.

OFB’s Opinion

• It is crucial to monitor the global supply situation as it will influence shrimp prices in India. Currently, prices have shown a slight increase due to weak global supply conditions.