News

High costs, poor security are threatening the Ecuadorian shrimp industry in 2023

Frozen Common Shrimp & Prawn
Seafood
Ecuador
Published Mar 1, 2023

Original content

According to Undercurrent News, Ecuador's National Aquaculture Office (CNA) said the future performance of the Ecuadorian shrimp industry through 2023 is of great concern. The policy of supporting energy prices is no longer in effect, while rising feed prices, looting and other problems related to the shrimp supply chain could be major problems this year. "The above has caused the cost of shrimp farming in 2022 to increase by 24% compared to 2021, making Ecuadorian shrimp products less competitive," CNA said. According to Mr. Antonio Camposano, Director of CNA, shrimp production and export figures in 2022 do not fully reflect the reality of difficulties that this industry is facing. 2022 is the most difficult year that the shrimp industry has to face with increasingly fierce competition in the market, an appreciation of the US dollar, high farming costs and an uncertain security situation. Therefore, he believes that export figures do not fully reflect reality. ...
Source: Vinanet
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