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August 13, 2015

Ecuador

Production of PLs Drops 30%

 

In the last few months, Ecuador’s production of shrimp postlarvae (PLs) has dropped 30% to 3.5 billion a month, compared to average production of 5 billion PLs a month in 2013 and 2014.

 

“Many [shrimp farmers] have decided on not seeding, and others have failed to harvest because they haven’t received orders from packers,” said Alex Elghoul, representative of shrimp hatcheries from the National Aquaculture Chamber (CNA).

 

The drop in PL production is linked to low prices for farmed shrimp in Asia.  “Prices have been decreasing for 16 months, since February 2014, and have dropped so much that it discourages the producer from harvesting as much shrimp as in previous months,” said Jose Antonio Camposano, CNA chief executive.  He says competitors like Indonesia and India are saturating the market with farmed shrimp.  Ecuadorian shrimp exporters have to pay a 22% tariff to enter the Asian market, while some of its competitors have no tariffs.  Consequently, Camposano projects a contraction of Ecuadorian shrimp exports in 2015 of between 10% and 12%, to $300 million.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Ecuador Shrimp Larvae Production Drops 30%.  August 12, 2015.

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