Are farmed shrimp prices finally correcting?

Depending on size and location, shrimp prices are starting to fall from their high levels with some raw material now 17 percent lower than it has been, a source with one major European shrimp supplier told IntraFish, prompting buyers in major markets to be cautious about committing to purchases.

The source, who did not wish to be named, said that prices are dropping “quite significantly” particularly in India, Thailand and Vietnam.

According to the supplier, a number of factors -- including uptake of Indian shrimp, new antidumping measures against certain countries in the United States and the rise of VAT in Japan -- are “affecting everybody’s mood” at the moment and despite the fact that the shrimp season is really just beginning, “there has been a wait and see attitude [among buyers]."

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