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    Home > Food News > Food Articles > The surge in U.S. orders has pushed Ecuadorian shrimp prices to a nearly five-year high, and Indochina’s battle for China’s market share is close to

    The surge in U.S. orders has pushed Ecuadorian shrimp prices to a nearly five-year high, and Indochina’s battle for China’s market share is close to

    • Last Update: 2021-12-02
    • Source: Internet
    • Author: User
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    Continued strong demand from the United States brought Ecuador’s shrimp exports to 31.
    5 million pounds in October
    .
    As the recovery of food services has boosted demand, freight volumes to the United States have increased by 45% over the same period last year
    .
     
    In the first 10 months of this year, exports to the United States exceeded the monthly export volume in 2020
    .
    So far this year, Ecuador’s shipments to the United States have increased by 50% from the 331 million pounds in the same period in 2020
    .

     
    Last month, this South American producer shipped a total of 155 million pounds of shrimp to the world, an increase of 10% over the same period last year
    .
    The average price of shrimp in Ecuador in October reached US$3.
    13 (€2.
    76) per pound, the highest level in a single month since January 2017
    .

     
    So far, Ecuador ’s exports to China , its largest market , have remained flat at 74.
    9 million pounds
    .
    So far this year, exports to the Asian giant have increased by 1%, which is just over 661 million pounds
    .

     
      As Indian producers and processors strive to supply Chinese buyers and freight rates soar, Ecuador and India are getting closer and closer to competing for market share
    .
     
      Even if they pay 7 to 10 times the freight before the crisis, exporters are increasingly difficult to ensure the safety of containers.
    In the global shipping container crisis, shipments will not be delayed for weeks, but for months
    .
     
      Driven by orders from the United States and Europe, in the first 10 months of this year, Ecuador’s global shrimp exports increased by 19% to 1.
    48 billion pounds
    .
    Export food service
     
      In the first 10 months of this year, exports to the United States exceeded the monthly export volume in 2020
    .
    So far this year, Ecuador’s shipments to the United States have increased by 50% from the 331 million pounds in the same period in 2020
    .

     
      Last month, this South American producer shipped a total of 155 million pounds of shrimp to the world, an increase of 10% over the same period last year
    .
    The average price of shrimp in Ecuador in October reached US$3.
    13 (€2.
    76) per pound, the highest level in a single month since January 2017
    .

    price
     
      So far, Ecuador ’s exports to China , its largest market , have remained flat at 74.
    9 million pounds
    .
    So far this year, exports to the Asian giant have increased by 1%, which is just over 661 million pounds
    .

    China
     
      As Indian producers and processors strive to supply Chinese buyers and freight rates soar, Ecuador and India are getting closer and closer to competing for market share
    .
     
      Even if they pay 7 to 10 times the freight before the crisis, exporters are increasingly difficult to ensure the safety of containers.
    In the global shipping container crisis, shipments will not be delayed for weeks, but for months
    .
     
      Driven by orders from the United States and Europe, in the first 10 months of this year, Ecuador’s global shrimp exports increased by 19% to 1.
    48 billion pounds
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

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