May 2020

  • Forecasts put shrimp production in Asia down by 15–20 percent in 2020 compared with 2019.
  • In China, the big sales boost during the mid–autumn festival is indicative of a continuing positive market trend through the Lunar New Year in January 2021.  In the USA, however, low restaurant sales of shrimp will persist through this winter. In Japan overall  demand may improve during year-end and New Year celebrations.  
  • The COVID-19 crisis gave a big boost to online retail sales, including home delivery of products in producing and importing countries. This new trend will expand and continue even after COVID-19.
  • Ex-farm prices of shrimp are expected to remain stable.

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