Is this the turning point of the Ecuadorian shrimp price?

Lily - Senior Analyst
Lily - Senior Analyst
06 Dec 2022
Vannamei Tip
# 67
Is this the turning point of the Ecuadorian shrimp price?

As is well known, the Chinese market has the biggest impact on Ecuadorian shrimp prices.

Shrimp sales in China domestic market:

In the past two days, the domestic sales volume has increased and the price of frozen brine shrimp has increased slightly, but the price of semi-IQF shrimp has not changed. We haven’t seen a price increase in the Chinese market for a long time, so that’s good news.

Purchases from Ecuador by Chinese importers:

In the last few days, Chinese importers have started to buy large quantities of shrimp from Ecuador, which is probably because the price from Ecuador has gone down; And because Ecuador recently canceled its fuel subsidy, Chinese importers are confident that shrimp prices will increase from now on.


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