ChinaTips

23 Apr 2020

ChinaTip #0178

Large Size Shrimp Prices continue to Rise!

Due to the epidemic situation, the price of vannamei in 2020 was bad at the beginning of the year, and many farmers were expecting a price increase for the Qingming festival, but the real increase was after the Qingming Festival. Now that there is one week before Labour holiday, the market situation is as follows:

Shrimp prices have risen again in the Pearl River Delta region. In Jiangmen and Guangxi, there are very few stocks, and prices also continue to rise.

In summary, the stock of shrimp in the domestic market, especially in the South China market is currently very limited. The reason for the optimism of shrimp prices is that this year the labor holiday is 5 days, longer than previously. This will strongly stimulate consumption and demand will increase greatly.

Categories: Shrimp

Tags: shrimp, prices, vannamei, guangxi, qingming, holiday, jiangmen

 

This post was written by: Lily - Senior Business Analyst

Lily - Senior Business Analyst

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