Disruptions in Ecuador's Shrimp Exports Impacting Volume and Leading to Lower Prices

Ecuador's shrimp exports to the US have been adversely affected by recent earthquakes and heavy rainfall, resulting in a decline in their volume. Simultaneously, the US market is expected to witness a surge in demand in the coming months. As a consequence, there is a growing belief that Indian shrimp exports will surpass those of Ecuador this year. Despite initial expectations of price hikes from exporters, the current market scenario indicates a decrease in shrimp prices. Nonetheless, exporters maintain an optimistic outlook, anticipating a rebound in prices. They attribute this temporary decline to various factors, including the disruptions caused by the recent setbacks in Ecuador's shrimp production and supply chain.