Honduras' shrimp exports expected to decline this year

According to a report by Honduras's "Tribune" on April 29, data showed that as of April 18 this year, Honduras' shrimp exports amounted to US$40.5 million, down from US$57.8 million in the same period last year and US$64.2 million in the same period the year before. In recent years, with the widespread application of technology, Ecuador's shrimp production has continued to grow. Last year, Ecuador's shrimp exports hit a new high, with a year-on-year increase of 14%. The global shrimp supply was in excess, and the international average price fell accordingly. Last year, Honduras' shrimp exports decreased by US$12.6 million compared with the previous year. It is expected that the international price of shrimp will continue to fall this year, which has brought considerable challenges to other Latin American shrimp exporters. On the other hand, due to Mexico's suspension of imports of farmed shrimp from Honduras and other countries, coupled with the termination of the "Honduras-Taiwan ...