The Hindu Business Line : Indian shrimp prices slip in US markets

PRICES of shrimp imported from India continued to fall in the US market, even as imports from Thailand and Vietnamremained more or less stable. Sporadic price falls have been registered for Bangladeshi shrimps.

The price fall was most significant in frozen black tiger, while the peeled and de-veined variety remained stable in both tail-on and tail-off segments.

The fall was evident on a month-to-month basis between July 15 and August 12.

The average f.o.b prices for Indian frozen black tiger in the New York market for the 8/12 count stood at $9.05 as on August 12 as against $9.25 a pound on July 15.

Prices for 12/15 count fell to $7.20 ($7.45), 16/20 count were $5.70 ($6.00), 21/25 at $4.25 ($4.45) and 26/30 count was $3.65 ($3.90). Price fall was evident in Indian white-farmed shrimp (vannamei) imports as well.

Elaborating on the reasons for the price fall, sources in the seafood trade said there seems to be a surfeit global production in shrimp this year, which has been driving down prices.

Plentiful supply from other sources seems to be driving down the Indian shrimp prices in US markets, sources in the Seafood Exporters Association of India (SEAI) said.

The sources said the prospects were brightening for Indian shrimp exports to Japan and the volumes were poised to go up this year.

In the value-added segment, most counts of Indian peeled and de-veined shrimp, both tail-on and tail-off varieties, have remained steady to firm.

In the tail-off segment, some of the price gains notched up during the earlier weeks could be sustained.

The firm to steady sentiment was most visible in the tail-off varieties on a month-to-month basis.

India does not have a significant presence in most of the value-added segments in the US market.

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