In recent weeks, the price of shrimp in Ecuador and Vietnam has risen rapidly

Published 2024년 11월 7일

Tridge summary

Prices for large-sized white shrimp in Ecuador's Guayas Province have seen a significant increase, rising by $0.50/kg on average, with variations depending on the shrimp size. This price hike aligns with the Qingdao Fishery Expo and is expected to persist due to growing demand, high raw material costs, and supply issues in Thailand. India also reports rising shrimp prices in Andhra Pradesh, with the trend expected to continue. Vietnam sees its shrimp prices surpassing Thailand's, due to climate change and supply issues, whereas Indonesia's prices are decreasing. The global market for farmed South American white shrimp is experiencing steady growth, with India's production expected to hit a nearly four-year low by July 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Guayas Province, the main production area of Ecuador, the average price increase in recent weeks has reached $0.50/kg, and the increase in large-sized white shrimp has been very obvious. According to UCN statistics, from week 43 to week 45, the price of 30/40 size increased by $0.65/kg to $4.40/kg, and the price of 40/50 increased by $0.55/kg to $4.05/kg; the smaller size 50/60 increased by $0.45/kg to $3.75/kg, the price of 60/70 increased by $0.30/kg to $3.30/kg, and the price of 70/80 increased by $0.4 0/kg to $3.00/kg. In terms of timeline, the price increase in Ecuador is very consistent with the Qingdao Fishery Expo that just ended. During the exhibition, Omarsa's quotations were as follows: 30/40 rose to $5.80/kg, 40/50 to $5.30/kg, 50/60 to $4.80/kg, 60/70 to $4.25/kg; the average price rose by $0.20/kg compared to before the exhibition, and rose by $1.20/kg compared to August (Shanghai Fishery Expo). Omarsa President Sandro Coglitore admitted: "This is the best ...
Source: Foodmate

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