The United States blocks Ecuadorian white shrimp, Japan hopes to import more this year

Published 2024년 4월 1일

Tridge summary

On March 26, the United States informed major shrimp exporters India, Ecuador, and Vietnam about potential preliminary countervailing duties, with rates varying from less than 2% to up to 196%, and Ecuador's Industrial Pesquera Santa Priscila facing a 13.41% duty. This has raised concerns in the shrimp industry and led to speculation about Ecuador increasing its shrimp exports to Japan, taking advantage of the situation. Over the past five years, Ecuador's shrimp exports to Japan have surged 4.5 times, reaching 7,034 metric tons in 2023, driven by narrowing price differences with Indian shrimp and stable prices in Ecuador due to reduced demand from the US and China. Despite Japan's shrinking shrimp market, it remains a significant consumer, with total imports dropping to a 40-year low of 200,000 metric tons in 2023.

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Original content

On March 26, India, Ecuador and Vietnam, the three largest sources of farmed shrimp to the United States, learned that they may soon have to pay preliminary countervailing duties ranging from less than 2% to as much as 196%. Ecuador's Industrial Pesquera Santa Priscila has been slapped with a 13.41% countervailing duty; one source said the industry hopes this may be some kind of mistake, but could also be related to the large number of fisheries it has Field related. “More time is needed to see the impact of U.S. countervailing duties on Ecuadorian Santa Priscilla in the Japanese market,” said a Japanese importer in Tokyo. But he added: “If this is not a mistake, then more shrimp It will be flown to the Japanese domestic market." Another major shrimp trader supported the Tokyo importer's sentiments, saying: "Japanese shrimp marketers have seen more Ecuadorian shrimp over the past few years and (countervailing duties) may Accelerate Japan’s procurement of shrimp raw materials from ...

Source: Foodmate