Aquaculture

‘The sector really has to contract now’: Roughly 80% of the global shrimp industry is now selling below cost

With lackluster demand from most markets, including China, and high supply growth from Ecuador, shrimp prices are at record lows and continuing to fall.

“So far, the year has been a year to forget” for the shrimp sector, said Gorjan Nikolik, senior global seafood specialist at Rabobank.
“So far, the year has been a year to forget” for the shrimp sector, said Gorjan Nikolik, senior global seafood specialist at Rabobank.Photo: NASF
Farmed shrimpRabobankGorjan NikolikEcuadorChina
Published 31 July 2023, 07:19Updated 31 July 2023, 07:19