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"World Shrimp Farming 2001"
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The Food and Agriculture Organization of the United Nations recently released World Production of Farmed Marine Products in 1999. In the report, FAO says production of farmed shrimp reached 1,130,000 metric tons of whole animals in 1999.
Since 1999, because of high shrimp prices in 1999 and 2000, triggered by shrimp viral diseases in the Western Hemisphere and vigorous consumer demand during generally good economic times worldwide, the shrimp farming industry continued to expand in 2000 and 2001, especially in Vietnam, Taiwan and China, but also in Belize, Venezuela and Brazil. If FAOÕs 1999 figure of 1,130,000 metric tons is accurate (and thatÕs a huge if), the production of farmed shrimp might very well reach 1,300,000 tons at the end of 2001.
The growth has been achieved in spite of the shrimp whitespot virus, which probably robbed farmers of 300,000 metric tons of production in 2001, worth more than a billion dollars.
Commercial fishermen catch approximately 2,000,000 metric tons of shrimp a year, so total world production of shrimp is around 3,300,000 metric tons, with farmed shrimp representing about 40% of the total.
Prices: The huge drop in shrimp prices has everyone in the shrimp industry in a state of shock. Prices began the year on the slippery slope and continued to slide all year. Urner BarryÕs Central and South American Shell-On Shrimp Index, a weighted average of all shrimp sizes (analogous to the Dow Jones Average), peaked at $7.35 a pound in March 2000 and then dropped to $4.35 in October 2001, a $3.00 per pound drop, 40%, over a nineteen month period!
During the fall 2001 harvest, farmers talked of holding shrimp in ponds until Christmas and New YearÕs, hoping to get a better price for larger shrimp.
The West: In 2001, shrimp farmers in the Western Hemisphere produced an estimated 10% of the worldÕs crop. The shrimp whitespot and Taura viruses continue to reshape the industry and limit its production.
Ecuador has recovered from the big whitespot losses it suffered in 2000, and Nicaragua and Honduras have learned to live with the viruses. Brazil, Colombia (Atlantic Coast) and Belize are whitespot-free, but Belize got hit hard by Taura in the summer of 2001. Peru and Panama have not recovered from the original whitespot attack in 1999—but they will. Guatemala had a great year! The shrimp farming industry in the United States continues to expand, but, with such low shrimp prices, itÕs still a tough way to make a buck.
The East: In 2001, shrimp farmers in the Eastern Hemisphere produced an estimated 90% of the worldÕs crop. Since the economic crunch and currency devaluations in Asia, which began in the summer of 1997, small-scale shrimp farmers throughout the region have prospered and have adopted various management strategies to circumvent whitespot.
Thailand retains the crown as the biggest producer of farmed shrimp in the world, but other countries in the region—Indonesia, Vietnam and China—hope they will eventually produce as much farmed shrimp as Thailand. Already some trade bickering has broken out among the shrimp farming powers in Asia, and itÕs likely to intensify in the current environment of excess product and a looming global recession.
Read on, weÕre all about to step through the looking glass one more time.
Aeration Industries International, Inc. (AIRE-02 Aerators)
álicorp, S.A (Nicovita Shrimp Feeds, Aquaculture Feeds)
AREA, Inc. (Aeration, Heating, Chilling, Systems, Design)
Burris Mill & Feed, Inc. (Aquaculture Feeds, Shrimp Feeds)
Cargill LiquaLife (Hatchery Feeds)
CEATECH HHGI Breeding Corp. (SPF vannamei Broodstock and Seedstock)
Eastern Seaworm Company (Bloodworms for Maturation Diets)
Freedom Development Company (Invest in Chinese Shrimp Farming)
Laitram Machinery, Inc. (Processing and Grading Equipment)
Molokai Sea Farms International (SPF vannamei Broodstock and Seedstock)
Ocean Garden Products, Inc. (Importer, Distributor)
Salt Creek, Inc. (Brine Shrimp Products, Hatchery Feeds)
Solvay Pharmaceuticals, B.V. (Feed Ingredients, Cholesterol)
Super Shrimp (Best Wishes for 2002)
Team Aqua Corporation (Paddlewheels, Feeds, Water Treatment)
United States Shrimp Farming Association (Next Meeting in January 2002)
World Aquaculture Society (Conferences and Publications)
Zeigler Bros., Inc. (Shrimp Feeds and Equipment)
