Ecuador’s shrimp surge could prove costly for farmers elsewhere
The meteoric increase in Ecuador’s shrimp exports is something the nation should rightly be proud of, with an astonishing 1.5 million tonnes expected this year . However, what’s good news for the country’s 3,300 – largely large-scale – producers is jeopardising the existence of hundreds of thousands of comparatively small-scale farmers in Asia. For, at a time of low shrimp prices and shaky global demand, only the most efficient farmers are able to cover their production costs. If, as experts at the Global Shrimp Forum ventured, Ecuador is able increase its output to 3 or even 5 million tonnes in the not-too-distant future, then it won't be long before shrimp farmers in the rest of the world need to consider other crops.
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