Ecuadorian shrimp exports to China fell sharply for the second consecutive month in January, amid stubbornly high Chinese inventories and delays clearing shipments through Chinese ports because of COVID-19 restrictions.
At 28.1 million pounds, exports to China, by far the South American nation's largest market, were down 60 percent from January last year.
Perhaps more concerning, shipments were down by more than 27 percent in December when exporters began to feel the effects of inventories from October and November piling up, alongside port delays.
