While the weather is still continuing to play havoc, the silver lining has been that price has been continuously rising as reported by @Vivek_6954 earlier as well
Several executives at these firms agreed that prices were only likely to rise from levels seen at the end of November.
Currently export markets are stable, and buying at the prices that have been established,said one. Limited production means exporters and packers are competing to secure raw material; they`re trying to pay more and so losing on each shipment through the factory, but importantly, keeping those factories going.
A second Visak-based source said he does not expect raw material prices to dip below levels seen at the end of October for the first few months of 2016.
These levels were INR 450 for 30 count, INR 410 for 40 count, and down to INR 210 for 100 count. October was the bottom for prices; in 2016 I think they`ll be on a par or higher than they were throughout 2015, in general.
And a third exporter in the city stated that December and January prices would dictate the picture for 2016: rising prices could see farmers returning to healthier stocking, if they “trust in the new prices”.
“Prices were low in the first half of 2015, and that’s why production is low now. Shrimp are also having their size limited by a white gill problem at the moment, too.”
On damages caused by incessant rains
Shrimp exporters and buyers have already told Undercurrent News that the flooding has likely washed away vannamei crops, contributing to a picture in which low raw material is already driving up prices.
During a visit to Chennai and Visakhapatnam last week, several exporters warned that flooding has likely damaged infrastructure in place in the farming areas, as well as damaging crops in the short term.
One estimated that in the first week of rains, perhaps 5% of the country`s overall shrimp production had been affected, while another said that for the comparatively small number of farms hit so far, the impact was serious.
Source: https://www.undercurrentnews.com/2015/12/02/indian-shrimp-region-braces-for-worse-rains-flooding/
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