We are just around the corner from Chinese New Year. At present, most consumers have begun shopping for Chinese New Year foods, with vannamei shrimp products being the most popular.
Increasing sales led to a rise in prices, especially for large sizes, which in turn led to the rise of medium and small sizes.
We see that the catering industry is recovering as well as increase in passengers flow after the 2022 New Year holiday.
It will take some time for the catering industry to fully recover, because China is still hit by the peak of infection.
In Ecuador: It’s the beginning of the new year, and factories are getting back to work and checking our the market demands. There are some factories that indicate there is demand from China importers.
In India: Rains are hampering harvests in India, and Vannamei is still in short supply. As we all know, this is the off-season for vannamei shrimp in India. Black tigers are still being harvested during December, which didn’t happen last year.