Shrimp prices have soared recently in major producers such as Ecuador and Vietnam. The Chinese market has also been affected by this round of global price increases, and prices have risen with it. Due to the conduction effect of changes in international shrimp prices, and in the face of the upcoming Spring Festival stocking demand, the market trend shows obvious volatility.

In the 44th week (October 28 to November 3), the price of shrimp in China's major shrimp producing regions such as Guangdong, Guangxi and Fujian generally increased. Affected by the cooling weather and seasonal supply reduction, the price of 60 specifications of white shrimp in Guangdong rose from 38 yuan to 42 yuan/kg, the same specification in Guangxi rose to 43 yuan/kg, and Fujian rose to 41 yuan/kg, becoming the largest increase in the region. The current tight supply and demand situation in the Chinese market is reflected in a number of production areas in the country, due to the gradual depletion of soil pond resources in the south, especially Guangdong and Guangxi have been close to the end of fishing, making prices continue to pressure upward. At the same time, in order to cope with the coming winter cold climate, shrimp farmers across the south began to build greenhouse facilities to ensure that production does not break.

Ecuador shrimp prices continued to climb in the 45th week, with significant increases in the prices of the main specifications, and the increase was the highest in the world. The price of 30/40 gauge white shrimp increased by $0.65 / kg to $4.40, 40/50 gauge to $4.05 / kg, and 50/60 gauge to $3.75 / kg.

During the Qingdao Fishing Fair, Ecuadorian exporters have raised their prices, taking 30/40 specifications as an example, the port price has risen to 5.80 US dollars/kg. Omarsa CEO Sandro Coglitore pointed out that the exhibition has brought unprecedented sales opportunities for Ecuadorian companies, and many manufacturers' raw material costs are almost close to the price of finished products, reflecting the strong demand and tight supply situation in the international market. At the same time, Ecuadorian suppliers expect to reduce production by 10% in the future, further fueling expectations of higher shrimp prices.

Due to the general increase in the quotation of Ecuadorian suppliers, Chinese traders are under increasing pressure to purchase costs. Previously, the phenomenon of spot and futures prices inverted led to traders' willingness to purchase was suppressed, but under the recent price increase, many importers began to wait and see the futures market to cope with possible price fluctuations in the future.

The Vietnamese market also showed a clear upward trend in prices. During the 45th week, the price of Vietnamese Tangtou reached the highest level in two years, among which the price of 60 size white shrimp reached 117,000 VND/kg, and 70 and 80 size were 109,000 and 101,000 VND respectively.

The surge in shrimp prices in Vietnam is due to a shortage of raw material supplies and the impact of bad weather in Vietnam's farming areas, resulting in higher costs. In order to make up for the shortage of domestic raw materials, Vietnamese processors are purchasing semi-processed shrimp from India at higher prices to meet production needs, and the current purchase price is 0.20-0.30 US dollars/kg higher than that of Chinese buyers. Black tiger shrimp market performance is relatively stable, 10 sizes of black tiger shrimp remained at 358,000 VND/kg, 20 sizes of the price remained at 182,000 VND.

The price of shrimp in Andhra Pradesh and the inland regions of India showed a slight decline in the 45th week. While the industry generally expects prices to rise again in the future, prices of 60 and 70 gauge shrimp in Andhra Pradesh have dropped to INR 320 and INR 300 / kg respectively, while 40 and 50 gauge shrimp have remained at INR 390 and INR 350 / kg.

Despite the current slight weakness in Indian prices, shrimp prices are expected to rise sharply in the coming months as the Indian breeding season draws to a close and production is expected to fall sharply in January and February. The head of Indian company Sea Gem Aqua Farms pointed out that production early next year will hit a four-year low, in the strong market demand, shrimp prices are expected to reach a record high in the future.

In contrast, the Indonesian market bucked the trend. The price of white shrimp in the East Java region generally fell in the 45th week, with the price of 30 sizes falling to IDR 68,000 / kg, and 40,50 and 60 sizes falling to IDR 62,500, 59,250 and 56,000 / kg respectively. Unlike other major shrimp farming countries, the Indonesian market is relatively loose in terms of supply and demand and relatively abundant production, so it has not been significantly affected by the price rise in the international market.