Financial Daily
from THE HINDU group of publications
Friday, March 31, 2000
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Financial Daily from THE HINDU group of publications Friday, March 31, 2000 |
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Commodities
Shrimp arrivals remain low
Our Bureau
CHENNAI, March 30.
SHRIMP exporters are gearing up to cut prices, with the shrimp arrivals expected to commence in a few weeks time, according to market sources.
Buyers said that with arrivals remaining low, no major contracts had been concluded since they hoped to keep prices down. Prices of 16/20 counts of black tiger ranged around $17.80- 17.90 per kg in Andhra Pradesh, and raw material costs around Rs. 490-50
0 per kg, 30 counts.
Prices were much lower from the ponds in Calcutta areas as arrivals had commenced. The stocks fetched around $17.10-17.40 per kg, said market sources.
On the east coast, according to market sources, major
arrivals may be expected in April/May. Pending arrivals, major
contracts have not been concluded, and purchases have been
restricted to regular packers.
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