Seasonal variation in prices of Indian frozen shrimp in Japanese market

Abstract

The movement of prices of any commodity is controlled by a number of market forces. The supply and demand of marine products in the international market are also influenced by fish landings in the supplying countries and level of inventory, changing consumer behavior, etc. in the importing countries. They are, however, found to follow a regular seasonal pattern. The prices of these products reflect the seasonal behavior. The present study based on price movements of different size grades of HL white , HL flower and black tiger has been carried out to understand how the seasonal variation is reflected in the prices of Indian frozen shrimp in the Japanese market. apart from understanding the pattern of seasonal variation, the study has revealed that a steady Japanese market for Indian frozen shrimp depended mainly on enhanced economic activity due to consistency of yen, declining inventory of fish products,poor fish landings in the supplying countries and conventional festival seasons.