2014 will be a year to remember in the prawn industry, the fact being that despite the high prices, demand on the main markets for this product has kept surprisily stable. In fact, during the first three quarters of this year, the value of imports has hit record figures both in the EU and the U.S.A., where this brand has also been applied to the volume of the same.
This situation is due for a higher internal demand from producer countries such as India and China, as well as due to the problems with supplied arising from the Early Mortality Syndrome (EMS) in supplier countries as China, Thailand, Vietnam, Malaysia and Mexico. Both factors have contributed to there being less supply of prawn on the international market, despite the intensified production occurring in India, Indonesia or Ecuador in order to take advantage of the circumstances.
Bread today, hunger for tomorrow. Forecasts point to intensified production in certain countries contributing, once the effects of EMS have worn off, to prices falling as the affected regions start to pick up again.