Peruvian shrimp industry decries lack of government support during industry crisis

Published 2024년 8월 23일

Tridge summary

Peru's shrimp farming sector, especially in the Tumbes region which is a major producer, is in crisis due to a significant drop in international shrimp prices since 2022. This has led to the closure of many aquaculture companies, with the situation worsening in 2024. The National Aquaculture Society (SNA) has appealed for government aid, but their requests have been ignored. The sector's production and exports have seen a substantial decrease, and the SNA predicts a further drop in production by year-end. The industry's innovation and efficiency are being challenged by increasing input prices and decreased global demand.

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Original content

An unprecedented fall in international shrimp prices, coupled with government inaction to address the issue, has left Peru’s shrimp farmers in crisis, according to the National Aquaculture Society (SNA).The Tumbes region – located on Peru’s border with Ecuador – produces 90 percent of the country’s vannamei shrimp, a product that also represents 98 percent of the region's exports. However, due to a drop in prices that started in 2022, many of the region’s aquaculture companies closed shop in 2023, with the situation worsening in 2024.While governments in other shrimp-producing countries such as Ecuador, India, China, and Thailand have public sector funding to support their aquaculture shrimp value chain, SNA’s requests for aid from institutions such as the Economy and Finance Ministry (MEF) and the Production Ministry (PRODUCE) have gone unanswered, according to the association.“It is of great concern that we cannot count on temporary government support to overcome the crisis that ...

Source: Seafoodsource