Ecuadorian shrimp sector eyes US opportunities

This was one of the main messages delivered by Rabobank's Gorjan Nikolik during a presentation at this year’s Global Seafood Alliance summit, which focused on shrimp production forecasts from around the globe based on responses from GSA’s annual survey. “2024 has been the year when Ecuador slowed down after several years of double digit growth. Last year they grew by 14 percent, so were basically staying on trend. And then the brakes were put on in 2024 by China’s limited consumer demand. The survey respondents still predicted growth, but only by around 4 percent, and that’s probably on the high side, because the survey was made before the September export results came in at -11 percent, so the final number could be zero or 2 percent. That’s a very different pace of supply growth from what we've seen historically from Ecuador and is a really important moment,” Nikolik explained to The Fish Site. Looking further ahead, he pointed out the pessimistic outlooks of the Ecuadorian ...