Sales of Argentine fisheries to both Europe and China have declined significantly in the first half of this year, however, in recent weeks the market has finally begun to recover, which has largely eliminated the intention of the Argentine fleet to end the catch season at the end of September, which is expected to delay the fishing season until mid-October.
As of mid-September, Argentina's catch was slightly below 2018 levels. Judging by the data measured by this year's Tangonera fleet, the total fleet capture is 8% lower than the previous year.
This year's Argentine red shrimp production area is farther off the coast than before, which limits the catch of non-frozen vessels and coastal vessels, and there is not much inconvenience for frozen vessels like Tangonera. As of 4 September, they had unloaded a total of 145,383 tons.
Although non-frozen vessels and coastal vessels have experienced difficulties in accessing resources due to distance issues, shorter transport times are very beneficial to them.
In December, Europe was oversupplied and imported shrimp were too much, creating a backlog of stocks. The Chinese market was flooded with South American white shrimp in 2019, causing the Argentine red shrimp market share to decline sharply and pushing the price down to the level of $6.2 per kilogram. But the situation has begun to improve in recent weeks.
At one point, the Tangoneros fleet was considered to stop fishing by the end of September. As sales recovered, the fishing halt was postponed to mid-October. And they also want to put products sold from November to May or June 2020 in the refrigerator.
During this time, exploration of a limited area will take place between the 45° and 47°S parallels, with one of the three restricted areas having high L1 quarterly production and another with juvenile fish. Due to technical conditions, they can fish in external areas. But the fishing time in October is expected to last only a few weeks.
At the same time, according to recent reports, the proportion of cod in catch is 28 per cent, which is 8 per cent lower than last year. This information is based on information provided by observers on frozen vessels;
The fishing season isn't over yet, there are still a few weeks to go, and fortunately, most businesses like Tangoneras won't lose money as they used to. The cold rooms are filled with a wide variety of catches, and they expect prices to grow later.
Despite the current difficult state of the international market, the red shrimp harvest season this year is coming to an end, which will certainly cause some price fluctuations. (This article is transferred from [Frozen Product Raiders].) If you have copyright questions, please contact [email protected]. ）
【Keywords】:Argentine fishery red shrimp aquaculture