Shrimp sector woes
A story that resonated with readers was one focused on global aquaculture market trends.
Rabobank reported that the second half of 2023 was expected to be the most challenging period for the world's aquaculture production sector since the peak of the pandemic in 2020 as factors such as demand softening and El Niño were driving fishmeal prices higher.
The analysis found that the Asian shrimp industry was facing a challenging period of record-low prices due to oversupply caused by Ecuadorian growth. The slump in shrimp demand may even get worse in 2H 2023 as Chinese demand softens, warned the market experts.
In fact, 2023 can be seen as a year to forget for the shrimp industry, according to Rabobank.
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