Sandro Coglitore News

Ecuador's Shrimp Exports Are, Well, Shrimpy

Ecuador's shrimp exports will suffer big losses this year due to low world prices and attacks of white spot virus, industry officials said. A hit to the country's shrimping industry is no small matter, as shrimp are Ecuador's third biggest source of export income, after oil and bananas. Producers and exporters say that their $900 million shrimp export target set for 1999 will not be reached and forecast only $580 million in sales. Sandro Coglitore, head of the National Shrimp Chamber, said white spot virus had frightened producers who prefer to stop breeding rather than risk major losses. "White spot virus has thrown us into chaos," he said.