Low international prices affect exporters
Although more products are sold, these are billed for less. Low international prices of raw materials affect Ecuadorian exports.
In the case of shrimp, it is exported in an increased volume (until April this year), but revenues are lower compared to the first four months of 2014. The increase is 15.7% in metric tons and yet, the fall is 14.1% in Us dollars. This means $ 120.5 million less, according to the Central Bank of Ecuador (BCE).
The causes of the fall in international prices is the increasing shrimp production in the world and also that the Ecuadorian shrimp pays tariffs to enter the Chinese market.
One of the effects for Ecuadorian families is that the number of jobs in the sector could decline. As part of the solution, Ecuadorian products are promoted into new markets by Pro Ecuador. Another affected sector is canned fish, whose fall in dollars was 21.6%.
The problem for this sector is the overfishing of the product, so Ecuador proposed a closed season to be fulfilled at international level. We must also consider that having a stronger dollar also makes the country less competitive.
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