Promising to tell you the Prawn, the whole Prawn and nothing but the Prawn…….here I shine a light on global shrimp aquaculture and downstream markets……for those looking in from outside and those inside interested in the wider outside. Food trends, intelligence, tech, regulatory, investment and some fun, way out, or even wacky, shrimp material….
Vannamei shrimp prices in local market (picture above) in Ecuador $4.0/pound.
50% markup sounds reasonable for retail anywhere in the world but here , in the cradle of global vannamei shrimp production, these shrimp are not acceptable for local consumers……in price nor in quality.
Still shrimp farming is not to be overlooked….not only for its cost effective productivity and size compated to salmon but also because farmed shrimp are omniverous (so no need the insects) and have, unlike salmon, lifted millions out of poverty.
Really ocean caught needs to be seperated from farmed. Coldwater from warmwater. Then you get to real size of farmed market. Regardless it is not about competing or replacing but should be 100% about expanding markets….