Shrimp market bleak18/09/2023 G lobal production of farmed...

Shrimp market bleak

18/09/2023 G lobal production of farmed shrimp during the first half of 2023 has been impacted by increased production costs not

compensated by the markets,

falling ex-farm and import prices. Despite the low price trend, demand for shrimp in the traditional western markets and also in Japan and Australia failed to improve despite a real boost in consumer demand.

Supply

In most parts of Asia, the new shrimp farming season started in February/March. Harvests during the first half of the year were low to moderate in the producing countries.

Production of farmed vannamei in Ecuador remained stable in the first half of the year while the target is to produce 1.5 million tonnes (+15 percent) in the whole