The ongoing shrimp fishing season in Argentinian provincial waters is going relatively well in volumes, but "not in terms of sizes", according to sources with fishing companies in the country.
In the meantime, relatively "low prices" have encouraged sales both in Europe and Asia, the sources told Undercurrent News.
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Volumes and sizes
"December saw a 50% increase in landings. November was much better than last year since during 2018 we lost a month due to a sailors' strike, but nevertheless it has not been better than other previous Novembers," a source with a large fishing company said.
Despite a rise in catches during the month, sizes of shrimp caught in Argentinian provincial waters, have been disappointing.
"We are noticing a predominance of L2 and L3 shrimp with some L4, when other years we have not had it and there was more presence of L1," the first source continued.
"The season in Rawson has less than a month of good fishing left and then catches will drop sharply. No doubt there will be a shortage of head-on, shell-on (whole) shrimp and that will help the prices of [frozen] on-board [product] to go up, as we can see that consumption has been quite good during the holidays," a second source pointed out.
Sales
"The markets are [doing] very well with the demand for head-off, shell-on (tales), especially for processing in Asia (especially Japan), Peru, Guatemala and other countries in Central America. As for the head-on, shell-on (whole), the panorama is a little less encouraging, although there is demand. Unfortunately, the price is very low and does not make it an attractive business as in previous years," the first source said.
"The price is low because it is a product that has been dragged by the fall in the price of the head-on, shell-on, frozen onboard and on the other hand, the fact that the cost of raw material has not fallen compared to last year and that we have also increased export duties, leaves a very small margin," he said.
A third source with one of the largest firms operating in the country added the shrimp market in Europe has been going well during the Christmas season. "The low prices have stimulated a lot the sale and there is little stock available. In Asia, sales are going well for the same reasons, pending the Chinese New Year's celebration," he pointed out, adding they were, in general, "optimistic".
"There's a phenomenal demand for the frozen onboard product since very little is processed on-land," the second executive noted, disagreeing with the first one.
"There is no stock of head-on, shell-on, whilst there is some stock of head-off, shell-on. However, [the stocks] are selling very well for the amount that has been produced since the demand is sustained," he added.
Prices for Argentinian red shrimp have been increasing in China in the run-up to Chinese New Year.
2020-01-27 10:02:00Z
https://www.undercurrentnews.com/2020/01/27/second-argentinian-shrimp-fishing-season-nears-end-with-good-volumes-smaller-sizes/
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