Ecuador's shrimp industry sounding alarm over USD 1
billion hit from lower prices, higher costs
By Christian Molinari
June 30, 2023
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Ecuador's National Chamber of Aquaculture (CNA) has expressed concern over surging operating costs and falling international prices in the country's shrimp sector that have "reached alarming levels."
Given the situation, the sector has seen a USD 0.98 (EUR 0.90) decrease in liquidity for each pound of shrimp produced, equivalent to a year-to-date economic impact exceeding USD 1 billion (EUR 917 million), the chamber stated in a release.
The export price for shrimp has decreased USD 0.70
Ecuador's shrimp industry sounding alarm over USD 1billion hit...
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