Global Seafood Update: Shrimp Prices Diverge, Scallop Landings Improve

Global shrimp prices are uneven, with Ecuador’s prices falling and India’s remaining stable; US scallop landings show improvement.

On February 18, a notable divergence was observed in global shrimp prices. Ecuador experienced a price decline, while India maintained stable prices. Observers highlight that the Ecuadorian market has seen downward momentum, contrasted by firm pricing in India, signaling varied supply and demand dynamics across these regions. Additionally, there have been improvements in US scallop landings, indicating a positive trend for local fisheries.

In summary, shrimp prices are experiencing contrasting trends, with Ecuador facing declines and India remaining stable. This dichotomy reflects differing market conditions. Meanwhile, the improvement in US scallop landings adds an encouraging note to the seafood industry, showcasing potential growth in local fisheries.

Original Source: www.undercurrentnews.com