Traders say that exports of shrimp products have decreased with low demand. The report gave some declines in prices versus that in October.
| Size/kg |
Prices on 11 November 2022 (INR/kg) |
Current prices on 17 November 2022 (INR/kg) | Price in October (INR/kg) |
| 30 | 380 | na | na |
| 40 | 340 | na | na |
| 50 | 290 | 270 | 360 |
| 60 | 270 | 250 | 345 |
| 70 | 250 | 230 | 335 |
| 80 | 240 | 210 | 315 |
| 90 | 220 | 190 | 295 |
| 100 | 210 | 180 | 285 |
Table 1. A comparison on prices from industry and news report.
Aquaculture is being done in nearly 60,000 acres (24,2811.4ha) in 10 mandals of Nellore district. Farmers have taken up the culture in Kota, Vakadu, Chittamur, Chillakkur in Gudur division. Manubolu, Venkatachalam, Muthukur, Thotapalligudur, Indukurpeta, Kovur, Kodavalur, Vidavalur in Nellore division. Allur, Bogole, Kavali in Kavali divisions.
Harvesting is also done in phases and there is normal production of 375,000 -400,000 (3.75 to 4 lakh) tonnes of shrimp in the first phase and it would be 200,000 (2 lakh) tonnes in the second phase in the Nellore district. Usually, 90-95% of shrimp are exported to other countries such as USA, European countries, Middle East, Japan and others for foreign currency. In a review on shrimp farming in India, presented by SAP, Andhra Pradesh produced a total of 674,000 tonnes in 2021 (72% of the total production of 930,000 tonnes).
According to recent data, Andhra Pradesh has been producing around 634,000 tonnes of shrimp every year. “Demand for shrimp from other countries have dropped which resulted in fall of prices for the produce. The situation has been continued for the past one month. The price for shrimp has fallen for at least INR100/kg in the market. Traders have also been purchasing the produce with low prices showing the reason of decline in exports,†said K.Sukumar Reddy, a farmer from Nellore division.
“We are facing a loss of INR100,000 (1 lakh) for each acre (0.40ha) with the sudden drop in price of the shrimps and prawn produce, in contrast, the cost of cultivation has also increased in the past three years. We are expecting a good price in one month,†said Ravi, a farmer from Gudur division.
India is the largest exporter of shrimp to the US. In November, Kontali Shrimp reported that total US shrimp imports in September 2022 (NOAA), reached 65,322 tonnes, 12% lower than for September 2021 and YTD, imports totalled 645,944 tonnes which was 0.5% more than for the same period in 2021. Imports from India dropped 4% less compared to August to 27,396 tonnes in september. Imports from India declined 16% YTY but India remains the largest supplier to the US. With harvesting in July, there was an influx of shrimp in September. Prices have been on downward trend since April. Avergae prices dropped 0.29/kg from August and reached USD8.73/kg.
