August 7, 2023 — Falling prices and demand coupled with rising feed and production costs have left global shrimp producers in dire straits, according to new analysis published by the global animal protein sector of Utrecht, Netherlands-based .
Written by Rabobank Senior Global Specialist of Seafood Gorjan Nikolik, the report, “Global Aquaculture Update 2H 2023: Between a Rock and a Hard Place,” found the shrimp industry faced an extremely challenging first six months of 2023, with prices continuing to fall due to soft demand from Western markets in tandem with high supply from leading producers like Ecuador.