Ecuador: Manabí tuna sector, waiting for the withdrawal of the yellow card

Tuna

Seafood

Ecuador

Market & Price Trends

Published Mar 11, 2024

Tridge summary

The Manta tuna sector in Manabí, Ecuador is working towards improving its market conditions in Europe and the US, while also anticipating the removal of the 'yellow card' issued by the European Union in 2019 for inadequate control against illegal fishing. Despite the impact of the Ukraine-Russia war on some European markets, the sector is experiencing growth in South American markets such as Argentina, Brazil, and Chile. However, it is grappling with challenges like rising production costs and stagnant sales prices. The sector is also focusing on the US market, where sales have been declining.

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Original content

The Manta tuna sector, in Manabí, continues to seek to improve benefits and conditions in the markets of Europe and the United States. Furthermore, they are still waiting for a 'political decision' for the European Union to withdraw their 'yellow card'. The port city is key in the exports of canned tuna in the commercial balance, both provincial and national, since 70% of the industries in the sector are concentrated in Manta. According to the tuna businessman, Raúl Paladines, the markets are the same. "There are few new ones, rather those that already exist grow or decrease." Paladines says that, for example, there was a "slump" in some markets in Europe, due to the impacts of the Ukraine-Russia war. However, growth in South American markets, such as Argentina, Brazil and Chile, stands out. But there are markets in which they have not yet managed to improve conditions and in which they are trying to enter with force. This is the United States, where "there was a drop in sales, ...

Source: Primicias