QINGDAO, China -- Chinese and US orders of Argentine wild, red shrimp have increased sharply compared with recent years, contributing to a price rise, while catches from the inshore season have been scarce so far, sources told Undercurrent News.

This year, China is expected to buy 40,000 metric tons of Argentine shrimp, which represents a strong increase from previous years, as total catches in the country are expected to reach a record high in 2017, a source at a large processor told Undercurrent during the China Fisheries & Seafood Expo. 

In the first six months of the 2017, Argentine shrimp exports to China totaled about 8,599t, down year-on-year, according to the International Trade Center (ITC) [...]