China shrimp prices expected to remain flat

Farm gate prices for Pacific white (vannamei) shrimp from China are down from the same period last year with producers in the key Guangdong region getting CNY 22 per kilogram (kg) (USD 3.58; EUR 2.86) for 40-count shrimp, which is down from CNY 26 (USD 4.23; EUR 3.39) paid at the same period last year, according to ministry of agriculture data. Processing factories have large inventories and with no major consumption point until the Chinese New Year in the spring, it looks like prices are set to…