Meanwhile, in China – where it was predicted to soar, following the more recent removal of lockdown restrictions – it hasn’t rebounded as much as anticipated, leaving suppliers stuck with stockpiled inventory.Īnd Rabobank predicts that prices are likely to fall even lower, due to a further drop in demand from China, combined with the continued growth of Ecuador’s production, and the report suggests that the Asian shrimp sector could be facing its most challenging period since the initial outbreak of early mortality syndrome (EMS) hit the region in 2011. The new report suggests that continued low prices for shrimp, combined with a reduction in the availability of fishmeal, due to an El Niño-related slump in forage fish landings, is going to make margins extremely tight right across the aquaculture value chain, with shrimp farmers likely to be hit the hardest.Īs the report notes, shrimp demand in the US and Europe has experienced a sharp drop in the last six months, due to inflation and economic recessions. So forecasts Rabobank in its H2 outlook, which was published today.
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