Could the crisis in the Ecuadorian white shrimp industry become an opportunity for India's exports?

Published 2024년 1월 24일

Tridge summary

Shrimp farming industries in India and Ecuador are facing various challenges, including oversupply, falling prices, and market competition. Despite this, Ecuador has overtaken India as the world's largest producer of farmed shrimp, with a projected production increase of 12% to 1.4 million tons in 2023, while India's production is expected to remain at around 700,000 tons. The resurgence of black tiger shrimp may help offset India's reduced production. The crisis in Ecuador's shrimp industry has led to speculation in the market, with some investors believing that India may benefit from production disruption in Ecuador. However, the industry is advised to adopt a 'watch and wait' approach due to global oversupply and the ongoing U.S. anti-dumping investigation into frozen shrimp from India, Ecuador, Indonesia, and Vietnam.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Shrimp farmers in India are in a difficult time. They are facing oversupply, falling prices and fierce market competition. The fragmentation of information networks has also forced many producers to reduce farming density, switch product lines, and adopt various strategies to survive. ​ Ecuador's shrimp farming industry is facing serious challenges. Tax issues, rising energy costs and the threat of organized crime are putting huge pressure on the country's industry. Still, industry executives have a view on the impact the situation may have on India. Not the same. ​ If the current situation in India continues, its impact may be more significant. An Indian shrimp importer in the United States told the media that if the low price phenomenon continues, it may have more serious consequences. ​ India was once the world's largest producer of farmed shrimp, but has been surpassed by Ecuador in recent years. Ecuador has gained market advantages with lower inventories, a more orderly ...
Source: Foodmate

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