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Over 10,000 tons of Ecuadorian white shrimp are sold to Thailand for secondary processing

 Last Update: 2021-06-16
 Source: Internet
 Author: User

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In the first four months of this year, Ecuador exported about 11,000 tons of white shrimp to Thailand , a year-on-year increase of 2,800%
.
According to industry insiders, Ecuadorian white shrimps are sold to Thailand mainly for secondary processing of value-added products
.

Last year, after the Ecuadorian white shrimp collapsed in the Chinese market, the price fell all the way, and the price gap between raw materials and the Asian shrimp-producing countries was widening
.
UCN data shows that in the 26th week of 2020, the price of 70-80 Ecuadorian white shrimps per kg is only $2.
40/kg, and the price of Thai white shrimps of the same specification reaches THB 158/kg ($5.
10/kg), a difference of $2.
70/ kg
.
According to data from the Ecuadorian Aquaculture Chamber (CNA), in April this year, the average price of white shrimp exported from Ecuador to Thailand was $4.
50/kg, and the price of Thai shrimp (70 pieces) was $4.
55/kg
.

Jeff Seddaca, CEO of Sunnyvale Seafoods, a US seafood trading company, pointed out that the supply of Ecuadorian white shrimp is stable and the price is relatively lower
.
"Including me, I purchased hundreds of containers from Ecuador last year and shipped them to the China Pavilion and Vietnam for processing.
This is not a loss for Ecuador
.
"

　　Another source said that Ecuadorian white shrimp is more competitive in processing than Thai raw shrimp and is used as a supplement to local raw materials by some large Thai processing plants
.
"I estimate that Ecuador mainly exports large-size bulk headed shrimp, with very low profit and cost
.
The Thai processing plant has a production capacity of 350,000 to 400,000 tons.
The more processing, the lower the cost
.
Rising freight is also one of the factors.
Shrimp transportation costs are lower because shrimp heads account for 40% of the weight
.
"

　　According to data from the International Trade Center (ITC), Thailand exported 119,000 tons of shrimp products in 2020, a decrease of 12% from the previous year and a decrease of 64% from 2012
.
The Thai government does not allow the import of Indian and Indonesian white shrimp for health reasons
.
On the contrary, the Thai processing industry continues to call on the authorities to relax restrictions on imported shrimp
.

　　Gabriel Luna, general manager of Ecuadorian aquatic products company GLuna Shrimp, said that more and more Chinese importers are purchasing de-headed shrimp or using it for secondary processing
.
97-99% of the products purchased in the past are the first products with shells.
Recently, this proportion has dropped to 85-87%
.

　　"The headless shrimp imported by China may be used for local consumption, or it may be processed and re-exported
.
No matter what the purpose is, this is a market change that deserves our attention
.
" Luna also pointed out that Chinese demand has not yet been due to Ecuadorian white shrimp.
Prices rose and weakened.
"Even if the prices are high now, trade is still going on normally
.
"

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