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April 8, 2016

Ecuador

El Niño Rain Cuts Output, Prices Up

 

Shrimp prices in Ecuador have gone up because heavy El Nino rains have reduced production on farms, particularly for small sizes.

 

The rains are expected to continue through mid-April 2016, at a time when Chinese demand is strong and buyers are willing to pay higher prices on new orders.

 

One source quoted the following farm gate prices for Ecuadorian whole shrimp:

• 30/40 count, $6.40 to $6.80 a kilo

• 40/50 count, $5.90 to $6.00 a kilo

• 50/60 count, $5.5 a kilo

• 60/70 count, $5.00 a kilo

• 70/80 count, $4.15 to $4.20 a kilo

 

Shortages exist for 40/50s, 50/60s, 60/70s and 70/80s.  Exporters are not taking orders until farmers catch up with production.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Ecuador Shrimp Prices Rising as Heavy Rains Hit Output.  Alicia Villegas (alicia.villegas@undercurrentnews.com).  April 7, 2016.

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