By Giovanni CHASIN
Shrimp exports represent the first non-oil product of incomes for the country, and the whole farming operation that include hatcheries, farms, feed mills and packing plants offer employment directly and indirectly to more than 261.000 people. Exportations also are very important to maintain the sustainability of the ‘dollar system’ adopted by the country years ago. Covid-19 represented a serious problem and challenge for all around the world and in Ecuador´s macro economy plays an important role, and for shrimp farmers means much more than a challenge, it’s a nightmare due to more than 99% of their production is consumed out of the country, and demand has dropped dramatically for its customers.
José Antonio Camposano, chairman of Camara Nacional de Acuacultura [CNA] expected exportations dropped below 120 million pounds of product in March and representing a dropp around 40% , however in this month exportation reached 127,75 millions pounds thanks to the re-opening of the Chinese market even with 60% of its purchasing capacity from Ecuador, this probably due to oversupply from other sources globally.
|Ecuadorian Total Shrimp Exports [pounds]|
Source: CNA Ecuador