Ecuador's white shrimp production is still expected to grow by 15% this year to nearly 1.5 million tons

Published 2023년 9월 7일

Tridge summary

The second annual Global Shrimp Forum was held in the Netherlands, with participants from all segments of the shrimp industry, including retailers, processors, producers, and investors. The forum addressed the challenges and opportunities facing the global shrimp industry, particularly the declining export prices for Ecuador's shrimp due to oversupply. While experts expect slower growth in the second half of the year, they still anticipate substantial growth for Ecuador's shrimp exports overall, and some believe the market may improve after the Lunar New Year.

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

Original content

From September 5th local time in the Netherlands, people from the shrimp industry from all over the world gathered again in Utrecht, the Netherlands, to participate in the second annual Global Shrimp Forum. This year, about 300 companies and 500 people came to the Netherlands to participate in the event, including retailers, importers, processors, producers, feed manufacturers, suppliers, investors and NGOs, etc. The forum explores the opportunities and challenges facing the world shrimp industry and encourages dialogue among all segments of the supply chain. William van der Peel, managing director of the Global Shrimp Forum, told the meeting that since mid-2022, Ecuador's shrimp export prices have seen "shocking declines" due to a global supply glut. . "The trend is still downward," Vander Peel said. He said that while prices recover quickly after falling in 2021, a similar recovery is unlikely in the third and fourth quarters of this year. Industry expert ...

Source: Foodmate