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    Home > Food News > Food Articles > Ecuadorian Shrimp Association: Although the price has risen, the cost is higher, and the market is difficult to predict in 2022

    Ecuadorian Shrimp Association: Although the price has risen, the cost is higher, and the market is difficult to predict in 2022

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
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    In 2021, Ecuador's white shrimp farming industry has made brilliant achievements, with an annual export volume of 840,000 tons and an export value exceeding US$5 billion
    .
    But Ecuadorian farmers have to face a serious problem.
    The cost of farming continues to rise due to inflation, and the outbreak of the war in Ukraine has further pushed up feed and fuel prices
    .
     
    Jose Anto, President of the Ecuadorian Aquaculture Chamber (CNA)Nio Camposano told UCN: “With some feed ingredients coming from Eastern Europe and China, the prices of soybeans and wheat today are unprecedented
    .
    For example, the price of soybeans has only crossed the $600/t barrier three times in the past 45 years, in 2012.
    , 2021 and 2022.

     
    "So, we've seen prices go up, and the price index on paper is already high, but don't ignore that we also have transport costs, fuel costs, which are very important costs
    .
    "
     
    “Last year, our sales to the U.
    S.
    doubled to over $1.
    3 billion for the first time, an important result of an industry-wide focus on developing the U.
    S.
    market
    .
    In China, our exports grew just 10 percent to $2.
    3 billion.
    , China remains our largest market
    ," Camposano said.
    "I think it's a healthy distribution model, and with the war in Ukraine, we'll continue to monitor developments
    .
    "
     
      Camposano believes that although Ecuadorian shrimp farmers receive some government fuel subsidies, they cannot make up for the rising cost, and more government support is unlikely
    .
    "We've been communicating with the government during difficult times, but we haven't seen the desired results
    .
    Now we're still working on it, hoping to remove those red tape and reduce some of the burden as much as possible
    .
    "
     
      “Shrimp farming has a short cycle, so Ecuadorian companies and shrimp farmers can flexibly adjust
    .
    But it is too early to judge whether this year will be successful again
    .
    The market is always changing, and the expansion of farming is related to the market response.

    .
    During the epidemic, our products were rejected by China, demand dropped severely, and now we are seeing a rapid rebound
    in the market,” Camposano said
    .
     
      "Ecuador's shrimp industry has a 50-year history.
    In the past 20 years, we have focused on the accumulation of disease resistance.
    In the last eight years, we have begun to improve genetics and breeding management
    .
    " Camposano said
    .
     
      The Sustainable Shrimp Partnership Program (SSP) for the Ecuadorian shrimp industry has entered its fourth year
    .
    "SSP certification first requires the farm to pass the ASC certification, but also to meet the standards of antibiotic-free and full traceability
    .
    " SSP director Pamela Nath said
    .
     
      "We believe that more and more consumers around the world will accept the 'antibiotic-free' concept
    .
    At present, SSP members include 7 local companies and 11 farms, and we have also launched an improvement plan to provide more small-scale farms.
    provide services to customers, apply for ASC certification for them, and finally join the SSP program certification
    .
    ” Nath said
    .
    The price of aquaculture feed for export
     
      Jose Anto, President of the Ecuadorian Aquaculture Chamber (CNA)Nio Camposano told UCN: “With some feed ingredients coming from Eastern Europe and China, the prices of soybeans and wheat today are unprecedented
    .
    For example, the price of soybeans has only crossed the $600/t barrier three times in the past 45 years, in 2012.
    , 2021 and 2022.

     
      "So, we've seen prices go up, and the price index on paper is already high, but don't ignore that we also have transport costs, fuel costs, which are very important costs
    .
    "
     
      “Last year, our sales to the U.
    S.
    doubled to over $1.
    3 billion for the first time, an important result of an industry-wide focus on developing the U.
    S.
    market
    .
    In China, our exports grew just 10 percent to $2.
    3 billion.
    , China remains our largest market
    ," Camposano said.
    "I think it's a healthy distribution model, and with the war in Ukraine, we'll continue to monitor developments
    .
    "
     

      Camposano believes that although Ecuadorian shrimp farmers receive some government fuel subsidies, they cannot make up for the rising cost, and more government support is unlikely
    .
    "We've been communicating with the government during difficult times, but we haven't seen the desired results
    .
    Now we're still working on it, hoping to remove those red tape and reduce some of the burden as much as possible
    .
    "
     
      “Shrimp farming has a short cycle, so Ecuadorian companies and shrimp farmers can flexibly adjust
    .
    But it is too early to judge whether this year will be successful again
    .
    The market is always changing, and the expansion of farming is related to the market response.

    .
    During the epidemic, our products were rejected by China, demand dropped severely, and now we are seeing a rapid rebound
    in the market,” Camposano said
    .
     
      "Ecuador's shrimp industry has a 50-year history.
    In the past 20 years, we have focused on the accumulation of disease resistance.
    In the last eight years, we have begun to improve genetics and breeding management
    .
    " Camposano said
    .
     
      The Sustainable Shrimp Partnership Program (SSP) for the Ecuadorian shrimp industry has entered its fourth year
    .
    "SSP certification first requires the farm to pass the ASC certification, but also to meet the standards of antibiotic-free and full traceability
    .
    " SSP director Pamela Nath said
    .
     
      "We believe that more and more consumers around the world will accept the 'antibiotic-free' concept
    .
    At present, SSP members include 7 local companies and 11 farms, and we have also launched an improvement plan to provide more small-scale farms.
    provide services to customers, apply for ASC certification for them, and finally join the SSP program certification
    .
    ” Nath said
    .
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