No. 11/2024
15 November 2024

In comparison with the North America and Europe, consumer demand has been good in the Asia Pacific countries and territories including Hong Kong, and Macao. Domestic demand has been steady in most of the shrimp producing countries such as Vietnam, Thailand and Malaysia. Inter-regional trade for high value fresh shrimp, particularly the large sizes head-on sea-caught and farmed shrimp has been strong during the reporting period. Such demand pattern will strengthen further during the Christmas and New Year.


Outlook
In general production of farmed shrimp is expected to be seasonally low during the next few months in Asia. Shrimp exporters from Ecuador are likely to intensify their marketing efforts during this period in the oriental markets outside China. During the winter months, the greenhouse aquaculture in China would be able to make up supply shortage of fresh shrimp in the domestic market, particularly during the Lunar New Year celebration in January-February. In general shrimp prices will improve during December-January in view of low supply and an increase in consumer demand.