Global shrimp market overstocked: challenges and hopes for exporters

Shrimp exporters from five countries - Ecuador, Vietnam, India, Indonesia and Bangladesh - expressed their views during the Global Seafood Expo in Barcelona last week. Here are some highlights. Uncertainty about U.S. tariffs has prompted shrimp producers to cut production and exports, said Jose Antonio Camposano, executive director of Camara Nacional de Acuacultura. Although tariffs were revised in March this year, reducing Ecuador's national tariffs from 7.55% to 2.89%, and slashing tariffs for major exporters Santa Priscila and Sociedad Nacional de Galapagos (Songa), Camposano said that before making the final ruling Until then, uncertainty will continue to exist. U.S. tariffs are not the only factor affecting Ecuador's output. The industry is also facing severe feed shortages due to forced power outages to mitigate the effects of drought. "We may face a 10% feed shortage in the next few days," Camposano said. However, one producer said it is drafting investment plans and ...