Ecuador: Shrimp sales to China grow but prices remain slumped

Published 2023년 7월 4일

Tridge summary

The sale of shrimp to China has increased by 43% from January to May 2023 compared to the same period last year, with a projected total of 698.1 million pounds. However, turnover has only increased by 20%. The low price of feed is attributed to a decline in consumption in China and other countries, leading to a decrease in the production chain's ability to cover costs. The situation is also unfavorable in the United States and Europe, with a decrease in shrimp sales and income.

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Original content

The sale of shrimp to China from January to May this year, compared to the same period in 2022, grew by 43%, according to figures from the National Chamber of Aquaculture (CNA). Last year more than 486.9 million pounds were shipped and in 2023 there will be 698.1 million pounds of crustacean. However, turnover increased by barely 20%. Although the volumes increase, the price of feed remains low. The president of the CNA, José Antonio Camposano, told Diario EXPRESO that the cause is the deterioration of consumption in the Asian country and other countries, which affects the production chain, which is unable to cover its production costs. In the last 15 months, the cost has decreased by $0.70 per pound; This translates, reiterates the union, into a loss in liquidity of 1,000 million dollars, in the first half of 2023. China's share increased, from 53% to 64%, but with few positive results in foreign exchange earnings. In the United States, the situation is worse. This market, which ...

Source: Expreso