Image: El Chubut
Shrimp alert: processing plants "accumulate stock" because there is no price to sell the product
ARGENTINA
Thursday, December 01, 2022, 06:00 (GMT + 9)
The international market does not buy Argentine shrimp and the exchange rate delay exacerbates the problem because "there is no price" to be able to sell.
In the province of Chubut, the cold storage (warehouse) of the plants are 70 or 80% occupied with stocked shrimp. The international buyer stopped the movement due to the pandemic, the war, and the general crisis. Added to this lack of buyers are the internal problems in a country where the exchange rate delay impacts the economy of all sectors that, in some cases, had to go out and fight for a 'special dollar' to be able to equate costs with the 'dollar official' of Banco Nación.
The specialist Agustín De La Fuente spoke with the news outlet EL CHUBUT Digital and remarked that"there are no sales. They are not taking orders. There is no price" in the market in the middle of a season with a capture of good quality specimens, but with exchange rate aggravations that could become decisive for those companies that do not have the necessary back to support this phenomenon.
The phenomenon that occurs in large processing plants that "are with 70 to 80% occupancy in cold storage is worrying. The large multinational firms have their backs, they will locate the raw material in their countries, but the large local firms will work at a loss" , said businessman Oscar Collman, owner of the Las Bardas de Dolavon fish processing plant, to the local media El Chubut digital.
According to him, a whole frozen shrimp on board premium fell to 4.80 or 5 dollars, when it was worth between 8 and 9 dollars. The only business is that of the "tail" or "peeled deveined." And what will happen is that "the market is going to be saturated because there is no price. They are charging three dollars for shrimp on the wet-vessels landing areas".
Source: The Chubut
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