Shrimp
Shrimp
Price movements (monthly)
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HOSO Prawns from Lat Am to Europe
Month-on-month Change
Year-on-year Change
Asian Shrimp in the US
Month-on-month Change
Year-on-year Change
Latin American HLSO Shrimp in the US
Month-on-month Change
Year-on-year Change
PND Prawns from Asia to Europe
Month-on-month Change
Year-on-year Change
HOSO Prawns from Latin America to Europe
- The 40-50 head-on shell-on CFR price of vannamei prawn from Latin America to Europe sees a mild increase of 2.9% y-o-y (+0.14 USD/Kg), with a mild progression m-o-m.
- The recent positive change reflects a greater US demand in May and June boosted by the announcement of US tariffs implementation in July. In addition, more limited supply came from Ecuador due to colder temperatures responsible for lower production of raw material. Greater demand and shorter supply directly impacted vannamei import prices in Europe.
Asian Shrimp in the US
- Asian P&D Tail-On (16-20 count) shrimp prices have accelerated rapidly following July's tariff implementation, with increases more pronounced given Asia's dominance in this product category. Current tariff rates—Indonesia (19%), Vietnam (20%), and India (25%, escalating to 50% after August 27)—have significantly increased replacement costs.
- The price rally has accelerated primarily due to increased tariff costs rather than strong demand fundamentals. With most peeled tail-on product sourced from Asian suppliers now subject to elevated duties, buyers face limited alternatives to mitigate cost increases. Values remain under sustained upward pressure as the new tariff structure fundamentally alters cost expectations for this predominantly Asian-sourced product form.
Latin American HLSO Shrimp in the US
- HLSO (Headless Shell-On) 21-25 count shrimp prices in the US have moved up following July's tariff deadline, as new rates significantly increased replacement costs for Asian suppliers—Indonesia (19%), Vietnam (20%), and India (25% escalating to 50% past August 27). However, Ecuador, the dominant supplier of this product form and primary analog to Asian headless shell-on material, has also raised prices despite its favorable 15% tariff rate. Ecuadorian suppliers leveraged their market position to increase values, recognizing reduced price competition from tariff-burdened Asian origins. Current HLSO 21-25 values remain elevated as the market adjusts to the new tariff structure, where traditional pricing arbitrage between origins has been significantly reduced.
PND Prawns from Asia to Europe
- In July, the Asian peeled and deveined (PND) 16-20 vannamei prawn increased average market price in Europe by 12.1% y-o-y., whereas monthly movements indicated a very mild increase since June.
- The two-digit y-o-y increase is related to higher demand compared with last year, when the market was rather weak in July. In addition, production was not as high as expected due to bad weather, so the overall supply was reduced in India and Vietnam.
Shrimp
Price drivers
→ Aquafeed FM and FO
The price of Peruvian fishmeal remains steady at $1,430 mt in August. This represents a reduction of 2.1 % y-o-y. In contrast, the price of Peruvian fish oil dropped by 6.3% m-o-m in August, averaging $2,950 mt, representing a reduction of 48.7 % compared to the previous year.
Last month, the Peruvian anchovy season in 2025 ended early with 82.5% of the TAC, resulting in a total landing of 2,474,586 metric tons. The second season will begin around November and run until January 2026.
→ Aquafeed Plan Protein
Soybean prices increased, reaching $290 mt, with a 2.0% m-o-m growth and an 18.0% decline y-o-y. This softening of soybean prices y-o-y may be linked to increased harvest and export volumes from Brazil. According to government data, Brazil exported 14.10 million tonnes of soybeans in May, a rise of 4.9% y-o-y.
The Wheat milling price average in August was $227.3 mt, accounting for a slight increase of 0.3% m-o-m, and for a drop of 0.6% y-o-y. Some concerns regarding supply from Russia and France may drive this m-o-m price increase
Shrimp
Price forecast
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