Uncertainty, hurt, and relief: Global shrimp exporters reflect on a challenging market

Published 2024년 4월 29일

Tridge summary

The global shrimp market is still struggling to rebound from a post-pandemic downturn, marked by an oversupply of inventory, increased production costs, and rising freight expenses. The situation has been further dampened by the United States imposing countervailing duties on three major exporting countries and high-profile reports highlighting industry malpractices in India. Shrimp exporters from Ecuador, Vietnam, India, Indonesia, and Bangladesh voiced their concerns over these challenges at the Seafood Expo Global in Barcelona.

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Original content

The global shrimp market has yet to recover from a prolonged, post-pandemic slump. A build-up of excess inventory has been exacerbated by high production and freight costs, the introduction by the United States of countervailing duties on three major exporting nations and – in the case of India – a series of damaging reports into industry malpractice. A selection of shrimp exporters from five countries – ...

Source: Intrafish