World’s shrimp production to surpass 5million metric ton this year which is 10% growth over previous year. India’s estimated growth rate is around 9.5%. Also Ecudaor’s production is growing at much higher rate around 25-30%. Also Technological advances in shrimp production should reduced cost for Ecudaor and their hold on US market is increasing. With supply chain constraints and huge production globally there will be margin pressure in shrimp export in my opinion.
I am not an expert but generally huge supply is negative for any sector. With this kind of production can 2022 be starting of another positive cycle of this sector? Views invited
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