On-the-Ground Updates

Opportunities Arise for Indian Shrimp Market Amidst Ecuadorian Farmer Challenges

Frozen Common Shrimp & Prawn

Seafood

Ecuador

India

Market & Price Trends

Jaison John

Published Jun 22, 2023

The combination of mounting debt and a change in political landscape in Ecuador has prompted shrimp farmers to scale back their production. Consequently, the Indian shrimp market is poised for a bullish expansion, opening doors for enhanced market dominance. The decrease in competition is projected to drive improvements in shrimp prices within the industry in the upcoming months. In summary, these circumstances paint a favorable picture for the Indian shrimp market, even amidst the difficulties encountered by Ecuadorian farmers.

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