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The cost of shrimp farming in Ecuador has risen again, and profits have shrunk

 Last Update: 2022-04-16
 Source: Internet
 Author: User

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Affected by the situation in Ukraine, the cost of aquaculture in Ecuador has risen again since March, while the price of shrimp has remained relatively stable, which means that the profit margin of aquaculture has shrunk
.

A shrimp farmer said: "All farmers are complaining about rising costs, but processing plants are still purchasing our raw materials at the original price
.
Under the current conditions, we have only two options, either collectively raise prices or reduce profits, and we often either choose the latter
.
"

At the end of February, the price of Eritrea shrimp pond head is as follows: 20/30 (per kilogram) size is quoted at $5.
45/kg; 30/40 is $4.
55/kg; 40/50 is $4.
20/kg; 50/60 is $3.
90/kg; 60 /70 is $3.
50/kg; 70/80 is $3.
10/kg; 80/100 is $2.
45/kg; 100/120 is $2.
30/kg; 120/140 is $2.
00/kg
.

　　On the other hand, global container freight has slowed again and exporters have reduced their purchases, forcing some shrimp farmers to cut prices and sell locally
.

　　“Farming inputs have been increasing, and the price of feed is at the top
.
Rising costs should have driven prices up, but we didn’t see that
.
Aerators, wires, and shipping costs were getting higher and higher, which greatly increased the cost of farming.
The expenditure of households has dampened the enthusiasm for production
.
" Another shrimp farmer said
.

　　There are also rumors that Ecuador will cut fuel subsidies or raise costs further
.
"If that were the case, the price of fuel would have to go up by at least $0.
60 per litre
.
"

　　In 2021, Ecuador's fuel subsidy amount is about 1.
2 billion US dollars
.
As an oil producer, Ecuador currently has a relatively low capacity of three oil refineries, only 250,000 barrels per day
.

aquaculture farming

　　On the other hand, global container freight has slowed again and exporters have reduced their purchases, forcing some shrimp farmers to cut prices and sell locally
.

　　There are also rumors that Ecuador will cut fuel subsidies or raise costs further
.
"If that were the case, the price of fuel would have to go up by at least $0.
60 per litre
.
"

　　In 2021, Ecuador's fuel subsidy amount is about 1.
2 billion US dollars
.
As an oil producer, Ecuador currently has a relatively low capacity of three oil refineries, only 250,000 barrels per day
.

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