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February 6, 2016

Ecuador

Farmed Shrimp Production in 2015, Outlook for 2016

 

In 2015, Ecuador’s exports of farmed shrimp hit an all-time high of 720 million pounds.

 

Jose A. Camposano, executive chairman of the National Chamber of Aquaculture in Ecuador, said, “I wouldn’t say this year [2016] we’ll see a double-digit growth, but I think Ecuador won’t decrease its production, providing that we don’t see a drastic fall in prices” or a major change in international markets.

 

   

 

In 2015, exports increase 17.8% over 2014, with an average monthly output of 60 million pounds, driven by Asia’s increasing demand.

 

Since 2013, when early mortality syndrome (EMS) ravaged South East Asia’s shrimp farms, exports to Asian from Ecuador have boomed.

 

But 2015’s higher production—not only from Ecuador, but also from Southeast Asian shrimp farmers who have recovered from EMS—have put downward pressure on shrimp prices, reflected in Ecuador’s exports value, down 8% or $200 from 2014.

 

“For this year [2016], I don’t think we will repeat an 18% exports increase, but the stable price trend seen in the last months motivates producers to maintain current production levels.  Obviously if there is a sudden sharp drop in prices, producers will keep an eye on costs,” Camposano said.

 

According to the shrimp panel at the recent Global Seafood Market Conference in Miami, Florida (January 2016), Ecuador’s farmed shrimp production in 2016 will be around the same as 2015—320,000 metric tons.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Ecuador 2015 Shrimp Output at Record Level; Slight Growth Expected for 2016.  Alicia Villegas (alicia.villegas@undercurrentnews.com).  February 5, 2016.

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