Ecuador Shrimp Glut Depresses Prices While El Niño Drives Up Indian Feed Costs
What happened
Shrimp prices remain subdued globally due to a glut in the market, which is driven by overproduction in Ecuador. Concurrently, El Niño has impacted raw material availability in India, affecting the supply and prices of key feed ingredients like fishmeal and soybean meal.
Why it matters
The oversupply from Ecuador is keeping global shrimp prices low. In India, the rise in feed costs, combined with operational challenges from unseasonal rains and warmer water conditions, is squeezing the operating margins of aquaculture farms and feed manufacturers.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
Increased feed costs could squeeze the operating margins and threaten the operational viability of aquaculture farms.