The rain last week affected harvest quantities, so the price is still high. However, the large headless shrimp that generally goes to America has less demand, but the price is still high.
This week the harvest began, but the output is lower than expected, so prices are rising.
The factories have pending orders with lower prices, so they are quoting new orders carefully.
The Chinese government decided to stop blocking factories that had Covid positive samples, so the risk for exporters is the same as any other country, so packers who had not exported to China for a while have resumed exports.
The live shrimp harvest in south China was not good, but the volume in north China is good, which limits the price of frozen shrimp.
Ecuador shrimp prices will have to find a balance between the desired price of the exporters and the price the Chinese market is willing to pay.
Send us a message if you think you know what this price will be…