After a turbulent 2023, signs of optimism are ahead for global seafood production

After a turbulent 2023, signs of optimism ahead for global seafood production, according to a recent Rabobank report. Industry responses from the annual seafood production survey it conducted in partnership with the Global Seafood Alliance suggest a more optimistic production outlook for 2024 compared to 2023. Shrimp: Back to growth in 2024 Global shrimp production is forecast to recover in 2024, albeit at a lower rate than the 10-year historical average. The survey results forecast year-on-year shrimp production growth of 4.8% in 2024, surpassing 2022’s peak volumes, after an expected modest decline of 0.4% in 2023. In Ecuador, production growth is expected to decelerate in 2024. “While continued growth is anticipated, milder expectations may be a result of El Niño-related uncertainty, as potential strong El Niño conditions pose downside risks due to heavy rains, which can increase flooding risks and potentially damage the infrastructure of ponds in Ecuador,” explains Novel ...