Aquaculture for all

Ecuador's Shrimp in Search of Opportunities

Crustaceans Marketing Economics +4 more

ECUADOR - National Aquaculture Chamber (CNA) President Cesar Monge and Foreign Commerce Vice Minister Eduardo Egas met in Guayaquil on Friday to discuss the problems currently affecting the farmed shrimp sector and to identify new markets for the leading Ecuadorian product.

According to a FSIS news item, the fall in shrimp exports to the US and Europe plus the drop in shrimp prices on the international market are causes of great concern for sector executives.

Official data reveals that Ecuadorian shrimp sales fell 20 per cent in December 2008 and January 2009 as a result of the global financial crisis, reports the FSIS.

On the issue, the vice minister explained that the reduction of traditional markets in Ecuador makes the search for new clients imperative.

"The commercial opportunities and new market niches are in Russia, Mexico and in the Middle East. To achieve a relatively quick opening, work must be jointly carried out,” Egas told the news organisation.

Meanwhile, the most important markets for the Ecuadorian shrimp farming sector continue to be the US and Europe, Monge highlighted, which together acquire more than 90 per cent of the total marketed.

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