The price of Indian shrimp remains low, and the willingness to invest seedlings is obviously insufficient. The annual output value may shrink by 25%

At the end of 2022, the price of South American white shrimp in India will continue to be low, and the willingness of Andhra Pradesh, the main production area, to invest seedlings is obviously insufficient. The decline of annual output in India has become a big probability event.

According to the statistics of Aquaconnect, an Indian fishery service provider, the price of 30 prawns (per kg) in Andhra Pradesh production area in the 49th week has dropped to INR 380/kg ($4.60/kg) for four consecutive weeks, hitting the lowest point over the years.

Manoj Sharma, general manager of Mayank Aquaculture, an Indian aquaculture enterprise, told UCN: "The current price is 32% lower than the end of last year, which is a very sad situation. Unfortunately, the farmers are at the bottom of the value chain."

"The impact of the global economic crisis on the aquaculture industry is so great that we have to sell products at 10-20% lower than the cost. There is no doubt that India's output will decline by 20% this year, and the output value will decline by at least 25%, and we do not know how farmers will respond." Sharma added.

Another source said that only 20-25% of ponds in Andhra Pradesh production area are still in operation. "The low price has a great negative effect on the winter seeding. The farmers are very confused. They see that the production cost is rising, but the price is falling. If the situation cannot be improved, it will definitely affect the harvest next summer."