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In September, Ecuador exported 21,600 tons of white shrimp to China! The price has soared by more than $1!

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Raw material prices have risen, the impact of Covid-19 has weakened, food demand has risen, and market information has been sufficient, and the price of white shrimp has been rising.

2019 -2020 Ecuador's export data to China in 2020

Date

Weight (Tons)

Weight (Lb)

Weight (kg)

PriceUSD

2019.01

15393.62

33937126

15393621.41

88077968.42

2019.02

17140.92

37789276.00

17140927.26

101316625.30

2019.03

22120.24

48766800.00

22120248.38

126910876.10

2019.04

23733.84

52324172.00

23733845.18

132791076.30

2019.05

27536.59

60707798.00

27536593.97

152291329.60

2019.06

33587.25

74047217.00

33587252.65

187704879.80

2019.07

35580.95

78442571.00

35580951.68

201534273.00

2019.08

35002.11

77166463.00

35002118.83

198665013.80

2019.09

30401.96

67024856.00

30401963.28

1695629 22.8

2019.10

34445.92

75940266.00

34445925.23

198617941.00

2019.11

45796.27

100963501.00

45796273.71

271408783.10

2019.12

27306.35

60200198.00

27306350.48

157391684.60

2020.01

29900.16

65918585.00

29900167.19

169489121.70

2020.02

32879.45

72486801.00

32879459.85

182118235.80

2020.03

29789.58

65674795.00

29789585.91

160411010.40

2020.04

47334.70

104355171.00

47334709.33

255969559.10

2020.05

52737.32

116265904.00

52737326.90

281031220.00

2020.06

27534.50

60703234.00

27534523.70

140560916.70

2020.07

8691.61

19161736.00

8691617.24

42909142.14

2020.08

12991.71

28641838.00

12991719.17

62584112.49

2020.09

21600.60

47621175.00

21600601.63

105607835.70

 

 

The data above shows that after the cliff-like decline in exports of Ecuadorian white shrimp to China in July, exports in August and September are gradually recovering. However, there is still a gap of about 10,000 tons between imports in September and June, which is the highest in May. Compared with the peak period, it only reaches about one-third.

 

The latest offer from Ecuador:

Large factory (water freezing 1.4KG): 30/40 specifications 6.31$, 40/50 specifications 6.01$, 50/60 specifications: 5.51$, 60/70 specifications 5.11$.

Small factory (water freeze 1.4KG): 30/40 specifications $5.85, 40/50 specifications $5.50, 50/60 specifications $5.10, 60/70 specifications $4.80.

 

In the past half month, the price of white shrimp has risen sharply regardless of whether it is domestic or foreign. Judging from the latest quotation in Ecuador, taking the 40/50 specification as an example, the price has risen by more than 1 US dollar compared with a month ago. The overall price increase situation is firm.

 

Let's analyze the reasons:

  1. There is a shortage of raw materials, Christmas and Spring Festival stocks are coming, and the quotations of Ecuadorian exporters continue to rise.
  2. From the perspective of the Covid-19 situation and food demand, consumers have basically understood that aquatic products do not have the ability to spread the epidemic. As the impact of the Covid-19 weakens, the prospects for consumption of white shrimp are also very broad.