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Following the United States, Europe has also fallen into a "shrimp shortage", and the shortage of raw materials may become a long-term problem.

 Last Update: 2021-06-16
 Source: Internet
 Author: User

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Starting from June 7, Spain will accept vaccinated travelers from any country, which means that Europe’s largest seafood consumer will usher in the peak season.
On the other hand, with the opening of the catering market, European frozen shrimp stocks has dropped to historic lows, for some import business, at this stage to ensure stability of supply may be greater than the price competition more meaningful
.

Sophia Balod, chief analyst of Seafood TIP, a seafood market analysis agency, said that the summer months of each year are usually the peak season for shrimp consumption in Europe.
In the second quarter, the number of new cases of new crowns in European countries continued to decline, the vaccination rate continued to rise, and a large number of catering The store reopened, and the stock of shrimp products was stretched
.

"At present, there is not much shrimp stock left, and the procurement strategy of European importers is still conservative, because the supply of Asian suppliers is unstable, which may bring many risks
.
Take India as an example, in addition to the new crown epidemic, it also faces freight costs.
The dilemma of rising and shortage of container capacity
.
If you plan to purchase from India, such risks have to be carefully considered
.
" Balod said
.

"In addition, European importers generally suffered economic losses during the epidemic last year.
The cash on their hands may not be enough to fill all of their inventory
.
This also means that they can no longer bear the risks of the supply chain, so some people would rather pay a high price.
Choose more reliable sources, such as Vietnam
.
"

　　"Even within Europe, the movement of goods has become more frequent
.
Containers are being shipped from one country to another, leading to price increases, especially at the ports of Rotterdam and Hamburg in northwestern Europe
.
For European buyers, reliability is practical.
Price is more important than pricing, because the current situation in most Asian suppliers is not optimistic, so importers would rather pay a little more
.
" Balod said
.

　　Western European countries mainly buy value-added shrimp products, while Southern European countries are more focused on the import of raw materials
.
So far, there are still 32,000 tons of independent tariff quotas (ATQs) for European imports of vannamei shrimp in 2021 (the total number of ATQs is 48,000 tons)
.

　　Generally speaking, ATQ quotas are mainly used to import raw shrimp for secondary processing
.
Balod predicts that the ATQ quota in the next few months will be used to meet the growth of catering demand.
“Some processing companies even start stocking for Christmas in advance, because the shortage of raw materials this year may be a long-term problem
.
”

　　"Mediterranean countries have a higher demand for large-sized HOSO white shrimp.
The vacancies in this part of the market are mainly filled by Ecuadorian producers
.
" Balod believes that with the return of the catering and tourism industries, the demand for shrimp in the retail sector There will be a decline, and the total demand may be close to the pre-epidemic level
.

Import price of seafood, catering, frozen shrimp

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