Ecuadorian shrimp exports in the United States and Europe accumulate losses

The United States and Europe are important markets for Ecuadorian shrimp after China (which is the main buyer), but it was not so profitable to sell to these markets until the first half of the year. Only in the North American country, the pounds sent fell by 3%, but that meant that in dollars, the Ecuadorian merchant had to receive up to 15% less in income. This is reflected in the figures of the National Chamber of Aquaculture (CNA), which attributes this to lower consumption and falling prices. “In the case of the United States, it was affected by inflation and the authorities decided to raise interest rates. By making the cost of money more expensive, citizens limit themselves to spending and looking to save, so as the economy cooled, among other products, shrimp consumption dropped. Stocks do not rotate at the same speed as before,” José Antonio Camposano, president of CNA, explained to Diario EXPRESO. In the case of Europe, the fall in dollars was 14%, despite the fact that ...