In Week 13, Ecuador experienced a fall in shrimp prices as processors sought alternative markets. India saw a small decline, while Vietnamese prices continued to drop, according to Undercurrent News.
In the latest edition of the global price round-up by Undercurrent News, a decline in shrimp prices has been reported for Ecuador as processors explore alternative markets. Week 13 witnessed a slight price drop in India, while Vietnamese shrimp prices continued on a downward trajectory.
The situation in Ecuador highlights market dynamics where producers are adapting to changing economic conditions, striving to maintain their competitiveness. This landscape emphasizes the necessity for processors to seek new markets to stabilize pricing amidst fluctuations.
The Week 13 report illustrates a noteworthy decline in shrimp prices across major exporting countries, particularly Ecuador, India, and Vietnam. As processors in Ecuador seek alternative markets, the shrimp industry faces ongoing challenges, necessitating a proactive approach to market adaptation to ensure sustainable pricing and economic stability.
Original Source: www.undercurrentnews.com
