08 Sep 2021

ChinaTip #0646

Ecuador strives to resume exports to the Chinese market while vannamei prices rise.

According to data from the price portal, the farm-delivery price of vannamei in Ecuador rose slightly in the previous week, and the price of almost all sizes of shrimp rose again this week.

As of week 34 (August 23-29), the average farm price of HOSO vannamei was

20/30 6.40 USD/kg;

30/40 5.90 USD/kg;

40/50 5.25 USD/kg;

50/60 4.90 USD/kg;

60/70 4.75 USD/kg;

70/80 4.05 USD/kg;

80/100 3.50 USD/kg;

100/120 2.70 USD/kg;

This means that the price of most sizes increases slightly by $0.05/kg to $0.30/kg.

In addition, Ecuadorian President Guillermo Lasso also held talks with Chinese President Xi Jinping on August 29. Xi Jinping proposed to sign a free trade agreement between the two countries. After that meeting, the National Aquaculture Association of Ecuador (CNA) and the Ministry of Production, Foreign Trade and Investment of Ecuador signed a cooperation agreement on the promotion of Ecuadorian shrimp in China on September 2. According to CNA, restoring confidence in China will be one of the industry’s main concerns now.

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Categories: Shrimp

Tags: ecuador, Ecuadorian Aquaculture Association, Ecuadorian shrimp, vannamei

Ecuador strives to resume exports to the Chinese market while vannamei prices rise.

This post was written by: Lily - Senior Analyst

Lily - Senior Analyst

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