Ecuador's shrimp exports to the US and Europe fell

Ecuadorian shrimp exports fell 3% in volume, and down 15% in value. According to data from Ecuador's Aquaculture Department (CNA), shrimp exports to China increased, but prices still fell due to low consumption. Shrimp exports to the US were affected by inflation and the government decided to raise interest rates. People limit spending and find ways to save, so shrimp consumption decreases. Mr. José Antonio Camposano, president of CAN, said that shrimp exports to the European market decreased by 14% in value, although increased by 1% in volume, in this market cheap shrimp is currently dominant. Specifically, shrimp exports to Spain are estimated to decrease by 25% in turnover and decrease by 12% in volume. Next, shrimp exports to France decreased by 28% in value and 18% in volume; Denmark fell the most, down 76% in value and 75% in volume. Exports to Poland fell by 45%, Sweden by 45%, Georgia by 61% and Bulgaria by 68%. In August 2023, shrimp exports had a slight recovery due to ...