Global shrimp production continues to grow and volumes from Ecuador, Vietnam, China, Thailand, Indonesia and India will all increase in the coming months, industry watchers expect.
While the lack of disease or any other surprise issues in these countries is positive, “a big challenge will be the possibility of a general oversupply in the market,” Jim Gulkin, managing director at Siam Canadian, told IntraFish.
Production in Thailand, India, Indonesia and Vietnam will be in full swing from April onwards, so “unless demand substantially picks up, I expect the market to remain relatively flat/soft over the next six months,” he said.
