In the previous update, ShrimpTails discussed Ecuador's bright future, with increasing export prices, with the country breaking export records month after month. At the time of publication of the last issue of ShrimpTails, however, China introduced an export ban for five large exporters, challenging the resilience of Ecuadorian producers to battle their dependency on this large market.
Now, Ecuador has proved its resilience, with demand and exports still growing and farm gate and export prices increasing. The question remains how long and how far this resilience can be stretched without decreasing the country’s dependence on China to soak up the volume that, according to the Cámara Nacional de Acuaculture (CNA), is predicted to grow close to 700,000 metric tons in 2020 ...
