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Wednesday, April 04, 2001

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Dull trading continues in shrimp market

Our Bureau

CHENNAI, April 3

THE shrimp market continues to loll in the doldrums with Japanese purchasers lacking enthusiasm due to a weak yen, according to market sources.

Further, packers are yet to build up stocks in the absence of black tiger shrimp arrivals in Andhra Pradesh, and there is no pressure to sell.

Activity was low and major contracts had not taken place, said market sources.

Last concluded contracts were in the range of $13.20 per kg 16/20 counts, said the sources. Some activity could be expected later in the week with the commencement of the new financial year, they said.

Arrivals had commenced in Kolkata but prices were low, reports said. The US had picked up stocks at $5.5 per pound of 16/20 counts black tiger, they said.

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