Ecuador shrimp prices hit their highest level since March 2018 as the South American nation's producers recorded their second highest monthly export total last month.

Prices in September reached $3.00 (€2.58) per pound for the first time in three and a half years.

Jose Antonio Camposano, president of shrimp producers trade body the National Chamber of Aquaculture (CNA) said a number of factors are behind the price increase.

"Demand in various markets plus expectation of demand in markets whose stocks are likely to be depleted before the holidays.