China’s Shrimp Market Flooded: Prices Hit Rock Bottom Amid Massive Supply Surge

CHINA
Friday, April 24, 2026, 00:10 (GMT + 9)

Record Import Volumes from Ecuador and India Push Wholesale Costs to a One-Year Low BEIJING — The Chinese seafood market is grappling with a significant supply glut as warm-water shrimp imports surged to 84,000 tons in March 2026, sending prices tumbling to their lowest levels in nearly a year. Despite the massive influx of product, the downward pressure on prices shows no signs of stabilizing, according to industry reports from Food World (Beijing). The market's current volatility is centered on shell-on shrimp, which saw imports hit 82,000 tons last month. This represents a 24% year-on-year increase and a jump of 12,000 tons from February. Consequently, the average import price has cratered to $5.02 per kilogram. The "Ecuador Effect" Dominates the Market The primary driver behind this price collapse remains Ecuador, which continues to saturate the Chi... FULL STORY