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until February next year.
In the 45th week, the price of Shrimp Tangtou fell by $0.
40/kg to $0.
90/kg, with 20/30 HOSO quoted at $4.
50/kg, 30/40 at $3.
50/kg, 40/50 at $3.
20/kg, 50/60 at $3.
00/kg, 60/70 at $2.
60/kg, 70/80 at $2.
40/kg, 80/100 at $2.
00/kg, and 100/120 at $1.
80/ kg, 120/140 only quoted $1.
60/kg
.
40/kg to $0.
90/kg, with 20/30 HOSO quoted at $4.
50/kg, 30/40 at $3.
50/kg, 40/50 at $3.
20/kg, 50/60 at $3.
00/kg, 60/70 at $2.
60/kg, 70/80 at $2.
40/kg, 80/100 at $2.
00/kg, and 100/120 at $1.
80/ kg, 120/140 only quoted $1.
60/kg
.
An Ecuadorian producer told UCN: "Orders from China have dropped sharply, so most suppliers are starting to lower prices
.
We have also heard that China is not expected to have many orders
in the short term.
Instead, the Chinese market is selling inventories
below or near cost.
”
.
We have also heard that China is not expected to have many orders
in the short term.
Instead, the Chinese market is selling inventories
below or near cost.
”
"In addition, all our major market buyers usually start stocking in September-October to ensure there is enough product
for Christmas and Chinese New Year.
We must also recognise that our significant delays in delivery times over the past few years mean that white shrimp harvested this month will not be able to reach these export destinations
in a timely manner.
He added
.
for Christmas and Chinese New Year.
We must also recognise that our significant delays in delivery times over the past few years mean that white shrimp harvested this month will not be able to reach these export destinations
in a timely manner.
He added
.
Jose Antonio Camposano, president of the Agricultural Chamber of Commerce (CNA), told UCN: "The current market is completely stagnant, the new round of epidemic in China has a great impact on us, and our exports to China account for a relatively large proportion, which is why this situation
has occurred.
A similar situation happened in April this year, when cases increased
significantly in China.
”
has occurred.
A similar situation happened in April this year, when cases increased
significantly in China.
”
Camposano also pointed out that the combination of rising energy costs in Europe in winter and the continued increase in interest rates in the United States to fight inflation have led to a sharp decline
in demand for shrimp in these two markets.
in demand for shrimp in these two markets.
"Given the current situation, we don't expect prices to improve
until January or February next year.
Many of us have had to suspend operations, production costs have remained high, and if forced to sell at a low price, it will soon become unprofitable
.
Another Guayas producer said
.
until January or February next year.
Many of us have had to suspend operations, production costs have remained high, and if forced to sell at a low price, it will soon become unprofitable
.
Another Guayas producer said
.
