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The price of Ecuadorian shrimp plummeted by $1.
Both China and the United States have suspended new product purchases due to increased inventories .
The market prospects are full of uncertainty
.
Both China and the United States have suspended new product purchases due to increased inventories .
The market prospects are full of uncertainty
.
In the 45th week of 2021 (November 8-14), the price of raw materials for farmed vannamei shrimp in Ecuador plummeted, with the largest drop reaching $1.
10/kg
.
10/kg
.
20/30 pieces (per kilogram) are priced at $6.
10/kg, 30/40 pieces are priced at $4.
50/kg, 40/50 pieces are priced at $4.
20/kg, 50/60 pieces are priced at $4.
00/kg, and 60/70 pieces are priced at $3.
90/kg.
70/80 pieces are priced at $3.
40/kg, 80/100 pieces are priced at $3.
10/kg, 100/120 pieces are priced at $2.
80/kg, and 120/140 pieces are priced at $2.
30/kg
.
10/kg, 30/40 pieces are priced at $4.
50/kg, 40/50 pieces are priced at $4.
20/kg, 50/60 pieces are priced at $4.
00/kg, and 60/70 pieces are priced at $3.
90/kg.
70/80 pieces are priced at $3.
40/kg, 80/100 pieces are priced at $3.
10/kg, 100/120 pieces are priced at $2.
80/kg, and 120/140 pieces are priced at $2.
30/kg
.
Many people in the industry believe that the price collapse is mainly due to declining demand in China and the United States.
The two countries currently have high inventories and many importers have suspended purchases
.
The two countries currently have high inventories and many importers have suspended purchases
.
"The market collapsed due to falling prices in Ecuador.
Farmers still have a large number of white shrimp for sale, but the US stocks are full, and Chinese buyers are also retreating
.
" A large American importer said
.
Farmers still have a large number of white shrimp for sale, but the US stocks are full, and Chinese buyers are also retreating
.
" A large American importer said
.
A person in the Ecuadorian shrimp industry pointed out that “the recent price drop has been too great.
Whether it will fall further in the next few weeks or whether it will still maintain the current price level, these will undoubtedly bring more uncertainty to the industry
.
”
Whether it will fall further in the next few weeks or whether it will still maintain the current price level, these will undoubtedly bring more uncertainty to the industry
.
”
According to another source, “China’s demand has declined severely in the past week or two, and Ecuador’s prices are almost the same as India’s.
Chinese and European importers may consider purchasing from India.
After all, the distance is closer
.
”
Chinese and European importers may consider purchasing from India.
After all, the distance is closer
.
”
According to the Ecuadorian Chamber of Aquaculture (CNA), in September, Ecuador exported 41,176 tons of white shrimp to China, 16,100 tons to Europe, and 12,766 tons to the United States
.
Since June, the export volume of the US market has declined for the first time; in addition, due to the large backlog of products in US ports, the US import data in September has shown a substantial increase
.
.
Since June, the export volume of the US market has declined for the first time; in addition, due to the large backlog of products in US ports, the US import data in September has shown a substantial increase
.
In September, the average export price of Ecuadorian white shrimp was as high as $8.
18/kg, a 32% increase from the same period last year ($6.
18/kg) and a 1% increase from August ($8.
07/kg)
.
In September, the number of Ecuadorian white shrimp imported by China fell to 25,591 tons from the previous month, but it was still much higher than the same period last year
.
18/kg, a 32% increase from the same period last year ($6.
18/kg) and a 1% increase from August ($8.
07/kg)
.
In September, the number of Ecuadorian white shrimp imported by China fell to 25,591 tons from the previous month, but it was still much higher than the same period last year
.
