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The raw material price of Ecuadorian shrimp continues to be sluggish, and exporters are facing the dilemma of container shortage again

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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With the decline in demand in the two major markets of China and the United States , the price of Ecuadorian white shrimp raw materials has fallen further
.

In the 47th week of 2021 (November 22-28), the price report of HOSO White Shrimp Pond Head is as follows: 20/30 specifications (per kilogram) is $6.
10/kg; 30/40 specifications are up to $4.
50/kg; 40/50 specifications are up to $4.
20/kg; 50/60 specifications to $4.
00/kg; 60/70 specifications to $3.
90/kg; 70/80 specifications to $3.
40/kg; 80/100 specifications to $3.
10/kg; 100/120 specifications to $2.
80/kg; 120 /140 specifications to $2.
30/kg
.

According to industry insiders, in addition to the weak export demand, Ecuadorian producers are also facing a global container transportation crisis.
The reduction in the number of ready-to-use containers has forced manufacturers to tighten raw material procurement
.

　　"We were forced to lower prices and sell them to the local market
.
As we all know, export prices are much higher than local prices
.
" said a shrimp farmer
.

　　"The current situation is full of uncertainty, forcing farmers to take any measures to reduce costs
.
Since the end of October, our shrimp products have gradually lost international competitiveness due to logistics problems
.
We need government assistance, there is no doubt about this
.
" Said a shrimp farmer
.

　　"It's not just China, but the United States and the European Union have also reduced purchases
.
The current problems are all superimposed.
As the industry said, we are experiencing a perfect storm
.
Until the end of the fourth quarter, we may not see a rebound in demand.

.
"

　　According to the Ecuadorian Aquaculture Chamber of Commerce (CNA), the export volume of Ecuadorian shrimp reached 70,391 tons in October, with an export value of US$485 million, which was the peak of this year's single-month export
.
The average export price was $6.
89/kg, a year-on-year increase of 31%
.

　　In October, Ecuador exported 33,998 tons of frozen shrimp products to China at an average export price of $6.
68/kg, an increase of 30% year-on-year
.
In the same month, Ecuador exported 14,283 tons to the United States, with an average export price of $7.
74/kg, a year-on-year increase of 43%; exports to Europe at 17,919 tons, an average price of $6.
70/kg, a year-on-year increase of 25%
.

　　In the first ten months of this year, the export volume of Ecuadorian shrimp reached 672,136 tons, an increase of 19% over the same period of the previous year
.

China U.
S.
prices

Export

　　"We were forced to lower prices and sell them to the local market
.
As we all know, export prices are much higher than local prices
.
" said a shrimp farmer
.

　　In the first ten months of this year, the export volume of Ecuadorian shrimp reached 672,136 tons, an increase of 19% over the same period of the previous year
.

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