Indian shrimp exporters bet on China to fight Ecuador

At the Qingdao Fishery Expo, Navik said in an interview with UCN: "The Indian shrimp industry is in a very difficult situation. European buyers don't buy, American buyers don't buy, and the yen has depreciated too much. Now they don't buy. Only China is buying, and the purchase volume is still large." Navik believes that turning to the Chinese market will be a major trend for the Indian industry. India is good at producing value-added products and has many advantages in black tiger shrimp farming. India's bet is to use more value-added products and new products to fight Ecuador. In the global market, Ecuadorian white shrimp has been eroding the import share of various countries with its price advantage. In the recent US "bilateral" tax final ruling, Ecuador's tax rate was even lower than India. "We have to adapt! If we want to improve efficiency in today's market, we need to get China on our side." Navik said. Zeal Aqua purchased new brine freezing equipment at its Gujarat factory ...