Another country's South American white shrimp is about to enter the Chinese market

Published 2024년 11월 24일

Tridge summary

The Brazilian shrimp industry is set to access the Chinese market soon, with expectations to obtain export authorization in the next 30 to 40 days. This development is attributed to positive negotiations between Chinese and Brazilian government and trade groups, and the first shipment is projected to be dispatched in 2025. Despite challenges such as high domestic prices and competition from Ecuador, the growing demand for shrimp in China presents a significant opportunity for Brazilian shrimp, especially given the fall in Ecuador's exports due to an energy crisis. However, Brazilian shrimp producers need to adapt to international market prices and Chinese import standards to succeed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian shrimp industry is looking forward to entering the Chinese market. After being restricted by strict certification requirements for a long time, China is expected to lift import restrictions on Brazilian shrimp soon, bringing new business opportunities to Brazilian exporters. Itamar Rocha, president of the Brazilian Shrimp Producers Association (ABCC), said that negotiations between the Brazilian government and trade groups and the Chinese government have made positive progress. He expects Brazil to obtain export authorization to China in the next 30 to 40 days, and revealed that the first batch of Brazilian shrimp products is expected to arrive in the Chinese market in 2025. This year, Brazil is expected to produce 210,000 to 220,000 tons of shrimp. Although the output is far lower than that of Ecuador, the world's largest shrimp exporter, Brazil's small-sized shrimp may fill specific needs in the Chinese market. However, Brazilian shrimp still faces challenges in ...

Source: Foodmate