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    Home > Food News > Food Articles > The price of raw materials for shrimp is declining, and manufacturers expect that the export price may transition smoothly to the Spring Festival next year

    The price of raw materials for shrimp is declining, and manufacturers expect that the export price may transition smoothly to the Spring Festival next year

    • Last Update: 2022-11-04
    • Source: Internet
    • Author: User
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    The appreciation of the United States dollar against other currencies has had a serious impact
    on seafood trade.
    Since the beginning of this year, the euro has depreciated by 15% and the yuan by 10%, and the pressure on the two major import markets of the EU and China has intensified, which in turn has accelerated the decline in prices in exporting countries
    .
     
    Taking Ecuadorian white shrimp as an example, the price of raw materials has shown a downward trend
    recently.
    In week 43 (October 24-30), the price of large-size HOSO (with head with shell) pond head decreased by $0.
    10/kg-$0.
    20/kg from last week, and the price of small-size fell by $0.
    10/kg
    。 The specific quotations are as follows: 20/30 (per kg only) for $5.
    40/kg, 30/40 for $4.
    40/kg, 40/50 for $4.
    00/kg, 50/60 for $3.
    60/kg, 60/70 for $3.
    20/kg, 70/80 for $3.
    00/kg, 80/100 for $2.
    90/kg, 100/120 for $2.
    10/kg, 120/140 for $2.
    00
     
    Diomar Gonzalez, CEO of Eritrean processor Procamaronex, told UCN: "Export prices have also fallen due to weak sales volumes, and we expect prices to remain at current levels
    between the end of this year and the Chinese New Year next year.
    " ”
     
    "But on the other hand, the supply of white shrimp in Ecuador is increasing, there is strong demand for our products, and we hope that prices can rebound
    next year.
    " Our country can achieve a stable increase in production, and businesses can continue to develop new products and maintain their position as important players in
    the industry.
    Gonzalez expects Procamaronex shrimp production to increase by 75% from last year (18,000 tonnes) to 32,000 tonnes
    by the end of 2022.
     
    Gonzalez said the company's farms are undergoing ASC (Marine Stewardship Council) audits and are expected to be certified in December, "We are also committed to applying for BAP (Best Aquaculture Practice) three-star certification to boost sales
    in the US and EU.
    " ”
     
    65% of Procamaronex shrimp products are exported to China, 25% to the United States, and the remaining 10% to Europe
    .
    "In addition, we started building an ice factory and our own logistics center to provide year-round quality assurance
    for our products.
    " Gonzalez said
    .
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