The president of the Argentine fishing sector describes the country's difficult situation as a perfect storm

“A perfect storm.” This is how Eduardo Boiero, president of the Chamber of Fishing and Freezer Shipowners of Argentina (Capeca), describes the difficult situation faced by the Argentine fishing sector due to a combination of factors: exchange rate delay, falling prices, high costs, erratic catches. and depressed markets. According to the institution's latest report, fishing exports fell 3.6% between January and last July, totaling US$1,003 million compared to the same period in 2022. One of the most notable impacts was observed in the whole shrimp market , which represents approximately a third of Argentine exports. It experienced a 31.9% decrease in sales during that period and recorded an 18.4% drop in the average price per ton, standing at US$5,596 per ton. Biero indicated that the decrease in demand for shrimp was due to several factors. Firstly, in Europe there was a reduction in consumption, mainly due to inflation and rising costs, such as those related to energy. In ...