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The price of Ecuadorian shrimp continues to decline, and the industry claims that global demand remains strong

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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fermented shrimp

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In the 44th week of 2021 (November 1-7), the price of Ecuadorian vannamei pond head continued to fall, with various specifications falling by $0.
10-$0.
30/kg
.

The price of 20/30 (per kilogram) is $6.
60/kg (unchanged), the price of 30/40 is $5.
50/kg, the price of 40/50 is $5.
30/kg, the price of 50/60 is $5.
00/kg (increased), 60/ The price of 70 pieces is $4.
50/kg, the price of 70/80 pieces is $4.
00/kg (unchanged), the price of 80/100 pieces is $3.
30/kg, the price of 100/120 pieces is $3.
00/kg (unchanged), the price of 120/140 pieces is $2.
30/kg
.

Gabriel Luna, general manager of Ecuadorian aquaculture company GLuna Shrimp, believes: “At present, we have no reason to believe that prices will fall severely in the short term.
Global logistics problems affect all routes from Asia to Europe and the United States, creating more opportunities for Ecuador’s exports
.
”

In addition, Luna also said that some major shrimp farming countries are still severely affected by the epidemic, which has weakened their growth rate and competitiveness, and the situation may continue to deteriorate by the end of the year
.
"In view of this situation, we should adjust our production costs as we did in 2020 and early 2021.
In this
way, we will gain a significant competitive advantage and will put more pressure on them to prevent them from increasing production
.
"

Like many other manufacturers, Luna believes that the decline in shrimp prices is related to the (declining) demand in China
.
"The Chinese market has the most obvious impact on our prices, because our main product is HOSO white shrimp
, which is the easiest to process .
Of course, we will definitely continue to export HOSO products, but in the future we should increase sales of value-added products
.
"

Luna predicts that the global market's strong demand for Ecuadorian white shrimp will continue until the end of the fourth quarter.
It is expected that Ecuador will export more than 800,000 tons of shrimp products in 2021
.

price

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