Ecuador Shrimp Market Update: Sep 14, 2021

Shrimp Market Update

Shrimp purchases remain active in all international seafood markets. There is an increase in domestic shrimp prices in Ecuador that is forcing exporters to quote higher prices to importers in the United States and Europe. This increase from exporters is due to an exaggerated demand from Chinese frozen seafood importers, who today are beginning to worry about purchases for their New Year (February 1, 2022). It is correct to say that today the purchase price of the shrimp is the result of the sale price to China and not the average sale price of Ecuador to other markets in the world.

In the last two aguajes (harvest), the domestic purchase price rose by approximately 60 cents per kilo in the main sizes in China, which has the consequence that HOSO & HLSO sales to other markets feel somewhat slowed down by said increase, but demand it is maintained and importers will have to pay the current price if they want to buy volume, according to various suppliers.

In general terms, there is very good shrimp demand, although not everyone is happy with paying the higher prices, but they will have to do it to have product for the Christmas and New Year’s holidays.

Siam Canadian Group Frozen Seafood Exporters 

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