Buyers of Indonesian shrimp can expect a "soft" first quarter of the year with low production and higher prices, industry watchers told IntraFish.
After seeing a "very stable" supply last year, prices "surprisingly" shot up in November and December due to a long-lasting drought due to El Nino, which resulted in higher water salinity and disease issues, Pete Palma, president at California-based Certifresh, said.
Prices for larger sizes jumped around $1 (€0.92) per pound, while smaller sizes are now priced $0.60 (€0.55)-$0.70
