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May Day Fails to Lift Shrimp Prices; Ecuadorian Processors Begin Halting Raw Material Purchases

After the May Day holiday, Ecuadorian shrimp inventories in the Chinese market declined, but prices did not rebound significantly. In week 19, Ecuadorian shrimp quotes to China remained stable overall, traders continued to prioritize destocking, and some Ecuadorian processors even suspended raw shrimp purchases. China's imports remain high, with Q1 imports of Ecuadorian shrimp reaching 192,600 tons, up 28% year-on-year, continuing to weigh on Ecuadorian farmgate prices.

May Day Fails to Lift Shrimp Prices; Ecuadorian Processors Begin Halting Raw Material Purchases

After the May Day holiday, Ecuadorian shrimp inventories in the Chinese market declined, but prices did not rebound significantly. In week 19, Ecuadorian shrimp quotes to China remained stable overall, traders continued to prioritize destocking, and some Ecuadorian processors even suspended raw shrimp purchases. China's imports remain high, with Q1 imports of Ecuadorian shrimp reaching 192,600 tons, up 28% year-on-year, continuing to weigh on Ecuadorian farmgate prices.