High sea temperatures in Ecuador cool fish exports

Published 2023년 8월 30일

Tridge summary

The Ecuadorian fishing industry has seen a reduction in income in the first half of the year due to lower exports. The decrease in catches is partly caused by the migration of species due to high temperatures, which are a result of the anticipated El Niño phenomenon. The industry has also been affected by lower consumption by main partners, such as Europe, and a decrease in orders.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The oceanographic conditions and a much more timid market with its demand take their toll on the Ecuadorian fishing industry, which in the first half of the year has seen its income reduce due to lower exports. Until June, sales totaled $893 million, 10% less compared to the same period in 2022. This, in part, due to lower shipments. According to figures from the National Chamber of Fisheries (CNP), in that period tons fell by 14% due to a decrease in catches, caused by the migration of species, due to the high temperatures that anticipate the El Niño phenomenon. This is indicated by Franklin Ormaza, an oceanographic expert who points out that in the first months of the year these temperatures in equatorial waters reached up to 28 degrees, although since July they have tended to normalize. Guillermo Morán, a tuna expert, however, does not fail to attribute the problem to lower consumption by the country's main partners. “What we have been told is that in recent months the markets ...
Source: Expreso

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