Ecuadorian farmers passed on increased costs to processing plants by raising prices, which eased economic pressure on the aquaculture industry. In the first six months of this year, Ecuador exported 510,867 tons of vannamei shrimp and the Chinese market absorbed 269,000 tons, a year-on-year increase of 69%.
The price of Ecuadorian shrimp has warned in recent weeks, but the global economic situation is unpredictable and the evolution of the Ecuadorian shrimp market is difficult to predict.
A shrimp farmer said, “European and American markets have to fight inflation, China’s real estate is low, they are facing a crisis, and prices may fall again in the future.”
Another Ecuadorian said: “The continuous drop in white shrimp prices from April to July reminds us how sensitive the market is and how vulnerable our industry is in the face of a crisis. Although prices are now higher than in March, about 20%, do not be too quick to celebrate the price increase. I am still deeply concerned about whether the demand is stable this year. Various factors such as high oil prices, rising interest rate, inflation and other factors that constitute a serious market situation. Even if it’s not fatal, I hope my worries won’t happen.”