From October 4th to 6th, 2016, the International Aquatic Products Exhibition (CONXEMAR) opened in the Spanish city of Vigo. During the meeting, the Argentine shrimp traders said that most of the shrimps were exported to China, resulting in a gap in the European market.

According to industry sources, in August this year, the Argentine shrimp trading company exported a total of 17,000 tons of shrimp to China, similar to 2015. "The Chinese market is very interested in all kinds of shrimp in Argentina, and most consumers are willing to buy finishing. Products, such as 2 kg packaged ship frozen shrimp, and processors are more inclined to choose the head frozen shellfish for reprocessing."

However, the number of Argentine shrimps sold to Vietnam has declined. “To know that a large proportion of Argentine shrimps have entered the Chinese market through Vietnam, the number of shrimp imported from Vietnam has decreased, so Vietnam’s sales to China have also declined.”

In the past few weeks, Ecuador's white shrimp CIF (C&F) L1 was about $7.6/kg, L2 was about $7.2/kg, and L3 was about $6.9/kg.

 From the average price point of view, this year's price is about US$1 higher than that of the same period of last year. This is mainly because the main shrimp producing areas in Europe, such as Spain and Italy, have not much stock, so the price of shrimp in South America. A little up.

As far as the current situation is concerned, the growth of shrimp in Argentina is optimistic, and the output is expected to exceed 140,000 tons in 2015. The industry expects that the output of shrimp this year will reach 150,000 tons.

However, under normal circumstances, the price increase will fall accordingly, but this year, due to the strong demand for shrimp products in the Chinese market, the price does not fall.