Global prices of shrimp surged by around $1 (€0.75) per kilogram in just four weeks -- a result of the ongoing supply crunch due to the early mortality syndrome (EMS) disease ravaging Asia.
The average global price of shrimp has increased to $9 (€6.8) a kilogram (for 20-30 count), up from $7 (€5.30) to $8 (€6), four weeks ago, reported the Business Standard.
Global prices were dropping until June as European buyers had been pressurizing exporting nations to reduce prices.
The European Union (EU) reduced import of high-value items such as shrimp and was ordering shrimp only at a price range of $7 (€5.30)
