Despite growing competition in key markets, Ecuador's shrimp exports are booming, but value must be maintained for the producer to stay on top of its game, according to Rodrigo Laniado, CEO of Ecuadorian shrimp producer Songa.
In addition to competition from India, the Ecuadorian shrimp industry is seeing wild Argentinean red shrimp take market share from it in Spain, a traditional market for vannamei.
“Even if it’s wild and the product is different, the Argentinean shrimp is the main competitor to our shrimp,” said Laniado.
