Can shrimp profits rise in line with production?
The laws of supply and demand mean that Ecuador’s rising shrimp production isn’t necessarily good news for the country’s aquaculture operators, as noted by Gabriel Luna. Indeed, he explains that reducing costs needs to be their top priority. To do so, he suggests that the 70 percent of the farms that are still farming extensively must now adopt aeration and automatic feeders. This “technification” has been hampered by the lack of reliable electricity. But as electrical infrastructure improves, Ecuadorian shrimp should become ever more competitive in global terms. This should be good news for Ecuador – and for the sector's carbon footprint – but maybe less so for some of their rivals.
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