Shrimp prices in Ecuador will start to decline from 2023

Frozen Common Shrimp & Prawn

Seafood

Ecuador

Published Jan 25, 2023

Tridge summary

Average prices for Ecuadorian HOSO shrimp were $4.40/kg for 20/30/kg shrimp; $4 per kg for shrimp size 30/40; $3.55/kg for 40/50 shrimp; $3 per kg for size 50/60; $2.60 per kg for 60/70; and $2.30 per kg for 70/80; $2/kg for 80/100; $1.80/kg for 100/120; and $1.60/kg for 120/140 in the third week of the year (January 16-22).

Original content

This means an increase ranging from $0.05/kg to $0.20/kg for larger sizes compared to weeks one and two. However, despite this increase, prices are still far behind previous years and are among the lowest in the world. This is a concern for manufacturers. “Prices started to rise this year as demand from China started to pick up,” said a small Ecuadorian shrimp producer, who asked not to be named. “Currently, shrimp availability is also lower as some farmers are hesitant and unwilling to grow the crop due to a general sense of insecurity.” There are some issues of concern, including inflation (central banks are raising interest rates to fight it), high feed prices, the World Bank's forecast of a global recession and slowing exports to major markets, according to a second shrimp producer from Guayas province. “However, even though exports to the EU and the US seem to have slowed down, I remain confident in future sales to these markets. The last and first months of the year are ...

Source: Fishretail