Mexican farmed shrimp production could counteract the effects of the US embargo on the export of shrimp caught in high seas

Published 2021년 5월 11일

Tridge summary

Mexico's shrimp production has seen a decline of 5.7% in 2020, totaling 219 thousand metric tons, with 29% from wild catch and 71% from aquaculture. Sinaloa is the leading producer, followed by Sonora. The expectation for 2021 is a slight recovery, with an estimated 227 thousand metric tons. The United States is the primary market for Mexican shrimp exports, accounting for 80% of the sales volume. However, a suspension of US certification for high-sea shrimp from Mexico, effective April 30, 2021, due to issues with Sea Turtle Excluder Devices could impact export prospects. The Mexican government is taking steps to address these concerns and is expected to present evidence to the US authorities in August to reinstate the certification. Prices for medium and large shrimp in Sinaloa and Sonora have increased by 17% due to increased demand during Lent, but prices in the domestic market remain lower than export prices.

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

Original content

Shrimp production in Mexico has shown a gradual growth as of 2013. In 2020, around 219 thousand mt were produced, according to SIAP data, with a decrease of 5.7% compared to 2019. Of this volume, 29% It was obtained through capture in bay and high seas, and 71% in aquaculture farms, according to the National Commission of Aquaculture and Fisheries (Conapesca). Sinaloa is the largest producer, with a participation in 2020 of 40.3%, followed by Sonora, with 39.7%; Nayarit with 7.5%; Tamaulipas 4.8% and others with 7.7%. The expectation for 2021 is about 227 thousand mt, which if achieved, would represent an annual recovery of 3.7%. With regard to foreign trade, the country has a positive balance. Exports have shown exponential growth, with the United States as the main destination, which accounts for 80% of the total sales volume. However, this panorama could change this year, after the suspension of the US certification for the export of shrimp from the high seas of Mexican origin ...

Source: MXagronoticias