Indian shrimp farms increase their production due to the security crisis in Ecuador

Published 2024년 1월 14일

Tridge summary

The insecurity crisis in Ecuador has led to an increase in production by Indian shrimp companies, as they anticipate a potential interruption in supply from Ecuador. This has resulted in significant stock price increases for Indian companies in the sector. The Ecuadorian shrimp industry has faced security challenges, with high expenses on security and numerous criminal incidents.

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Original content

Havoc of the insecurity crisis in Ecuador. Shrimp companies in India increased their production after the images that went around the world about the wave of violence caused by drug crime gangs. (We invite you to also read: "The leisure industry pays the bill for the shock") Companies in that country speculate that they could benefit from a probable interruption in the supply of shrimp from Ecuadorian companies due to the interruption of their operations due to terrorist acts, reported Bloomberg, the platform specialized in financial information. For example, the Indian company Avanti Feeds Ltd., the benchmark in the sector, increased production by 11% last Friday, January 12, 2024 to close at its highest level in almost two years, Bloomberg noted. Its shares have risen 26% since Tuesday, when the world became aware of the security crisis in Ecuador. While Apex Frozen Foods Ltd. rose more than 7%, and Waterbase Ltd. rose 12% to its highest level since February 2022. Shares of ...

Source: Expreso