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Shrimp prices fall 20% in two weeks
Fishermen and shrimp sellers at the Fish Island Market in Al-Qatif Governorate expect shrimp prices to decrease by up to 20% over the next two weeks as supplies and sizes in the market increase. The beginning of the season saw high prices due to limited quantities and high demand, but with the availability of catches and more boats returning to the sea, the market is anticipated to balance out and prices to drop. Reports have also confirmed that catch volumes are beginning to rise, alongside increased demand for shrimp species that feed on seaweed, which are currently among the most sought after. The market has shown activity in auctions, with refrigerator prices ranging between 820 and 1,070 riyals, and there is an expectation that quantities will increase and the market situation will improve in the coming weeks.
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