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    Home > Food News > Food Articles > The cold winter is coming, the demand in the three major markets of China, the United States and Europe is sluggish, and the price dilemma will last for months

    The cold winter is coming, the demand in the three major markets of China, the United States and Europe is sluggish, and the price dilemma will last for months

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
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    In the next few months, the Ecuadorian white shrimp market will enter a sustained downward cycle, with demand in China, the United States and Europe significantly reduced, and some insiders expect that prices may not rebound
    until February next year.
     
    In the 45th week, the price of Shrimp Tangtou fell by $0.
    40/kg to $0.
    90/kg, with 20/30 HOSO quoted at $4.
    50/kg, 30/40 at $3.
    50/kg, 40/50 at $3.
    20/kg, 50/60 at $3.
    00/kg, 60/70 at $2.
    60/kg, 70/80 at $2.
    40/kg, 80/100 at $2.
    00/kg, and 100/120 at $1.
    80/ kg, 120/140 only quoted $1.
    60/kg
    .
     
    An Ecuadorian producer told UCN: "Orders from China have dropped sharply, so most suppliers are starting to lower prices
    .
    We have also heard that China is not expected to have many orders
    in the short term.
    Instead, the Chinese market is selling inventories
    below or near cost.
     
    "In addition, all our major market buyers usually start stocking in September-October to ensure there is enough product
    for Christmas and Chinese New Year.
    We must also recognise that our significant delays in delivery times over the past few years mean that white shrimp harvested this month will not be able to reach these export destinations
    in a timely manner.
    He added
    .
     
    Jose Antonio Camposano, president of the Agricultural Chamber of Commerce (CNA), told UCN: "The current market is completely stagnant, the new round of epidemic in China has a great impact on us, and our exports to China account for a relatively large proportion, which is why this situation
    has occurred.
    A similar situation happened in April this year, when cases increased
    significantly in China.
     
    Camposano also pointed out that the combination of rising energy costs in Europe in winter and the continued increase in interest rates in the United States to fight inflation have led to a sharp decline
    in demand for shrimp in these two markets.
     
    "Given the current situation, we don't expect prices to improve
    until January or February next year.
    Many of us have had to suspend operations, production costs have remained high, and if forced to sell at a low price, it will soon become unprofitable
    .
    Another Guayas producer said
    .
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