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Affected by various factors, the shortage of farmed shrimp products has been in short supply in major consumer markets in Europe and the United States.
In the short term, there seems to be no sign of improvement in India’s epidemic situation and tight logistics.
Veterans predict that in the next few months, until the end of the year, the problem of supply shortages will continue.
In the short term, there seems to be no sign of improvement in India’s epidemic situation and tight logistics.
Veterans predict that in the next few months, until the end of the year, the problem of supply shortages will continue.
Jeff Sedacca, CEO of Sunnyvale Seafood Company (SSC), a subsidiary of the United States of America, told UCN that the U.
S.
shrimp market is currently facing supply difficulties.
“Many categories are severely in short supply, including mainstream products sold in the U.
S.
market.
”
S.
shrimp market is currently facing supply difficulties.
“Many categories are severely in short supply, including mainstream products sold in the U.
S.
market.
”
According to Sedacca, the supply-demand relationship is mainly restricted by three main factors: one is the crisis of the new crown epidemic faced by the supplier country (especially India); the second is the chaos of the shipping and freight system; and the third is the explosive growth of catering demand in the summer.
"All signs indicate that prices are still going up.
When we have containers coming in, the cold storage called us, saying that the port cannot handle our products and we have to ship them to the mainland.
In the next few months, we don’t seem to see it.
Any signs of relief.
"
When we have containers coming in, the cold storage called us, saying that the port cannot handle our products and we have to ship them to the mainland.
In the next few months, we don’t seem to see it.
Any signs of relief.
"
So far, 50% of Americans have completed the new crown vaccination, and the catering industry has ushered in explosive growth.
"We also anticipated this in the early stage.
At that time, we thought that only the northern states started to open the catering industry, and the business volume would increase significantly.
All many importers stock up early and wait for the market peak season.
" Sedacca said, "However, we see What’s more, the catering industry in almost all states has been fully opened up, catering products are in severe shortages, and prices have risen sharply, sometimes by one dollar per pound.
"
At that time, we thought that only the northern states started to open the catering industry, and the business volume would increase significantly.
All many importers stock up early and wait for the market peak season.
" Sedacca said, "However, we see What’s more, the catering industry in almost all states has been fully opened up, catering products are in severe shortages, and prices have risen sharply, sometimes by one dollar per pound.
"
For the shrimp market, the Indian epidemic is a factor that cannot be ignored.
It is the harvest season of Indian white shrimp, but the processing plant and logistics system are almost paralyzed.
Other suppliers in Southeast Asia are also facing the challenge of the epidemic and the situation is relatively stable, but the supply of products is also declining.
It is the harvest season of Indian white shrimp, but the processing plant and logistics system are almost paralyzed.
Other suppliers in Southeast Asia are also facing the challenge of the epidemic and the situation is relatively stable, but the supply of products is also declining.
Since 2020, the shrimp market has experienced a roller coaster-like cycle.
"We went from oversupply and full cold storage to oversupply and unable to fulfill orders.
We ordered batch after batch of products from overseas to fill customer needs, but some products were not shipped late, or it was delayed due to transportation problems.
.
"
"We went from oversupply and full cold storage to oversupply and unable to fulfill orders.
We ordered batch after batch of products from overseas to fill customer needs, but some products were not shipped late, or it was delayed due to transportation problems.
.
"
"Most customers have more or less only seen short-term phenomena.
They lamented,'My God, the price has gone crazy again.
' In fact, the price just returned to normal levels.
" Sedacca said.
They lamented,'My God, the price has gone crazy again.
' In fact, the price just returned to normal levels.
" Sedacca said.
