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Tuesday, February 23, 2021

Markets, tech and investment: How does the future look for the global shrimp sector post-2020? - IntraFish

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The Digital Shrimp Forum is underway! Follow along here for brief updates, and interact on Twitter with the hashtag #ifshrimp21.

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Technology and 30,000 shrimp feeders

Allan Cooper, business development director at Vitapro, gave one concrete example of the way technology is playing a larger role in global shrimp production. "In Ecuador, for example, if you just go back seven years there were maybe no automatic feeders, and now we have more than 30,000 automatic feeders in Ecuador," Cooper told attendees.

"We are thinking about technology as the next frontier for the industry," he said.

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Talking shrimp RAS

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As always, disease the X factor

A new aggressive strain of IMNV is an emerging threat to Brazilian shrimp production, Camanor Produtos Marinhos CEO Werner Jost said.

The strain may have come from illegal imports of brood.

“We have to change the mindset even of the smallest farmers,” Jost said.

The key is getting all parts of the industry to working with healthy broodstock, he added.

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Ecuador eyes new markets in face of China disruption

Ecuadorian shrimp producers are eyeing the South Korean and Japanese markets as they seek to reduce their overwhelming reliance on China.

“Korea is a very good option for us, also Japan and some other important consumers,” Yahira Piedrahita, executive director at shrimp producers trade association Camara Nacional de Acuacultura (CNA).

She also highlighted sharp increases in shipments to the United States and Europe last year.

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Big potential for Brazil, but big challenges

Value added has always been a weak point for exporting from Brazil, Camanor Produtos Marinhos CEO said.

The South American country is currently not exporting to the EU because of a ban linked to wild caught processing sites.

Exchange rates are currently prohibitive to the US and Brazil is not on the list of Chinese approved importers for shrimp.

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Radical collaboration 'so important'

Radical collaboration is key for the shrimp industry adapting to its new reality, said Allan Cooper, Business Development Director at Vitapro.

Radical collaboration means interacting with industry players, but also relates to collaboration with external organisation such as universities, as well as certification bodies such as the Aquaculture Stewardship Council (ASC).

“We need to not only think about our clients, but also our client’s clients. We really believe in collaboration.”

Cooper also highlighted the importance of embracing digital transformation, and finding more sustainable feed solutions.

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The main forces shaping the future of the shrimp industry

There are three main forces shaping the shrimp industry as we move into a new normal, said Allan Cooper, Business Development Director at Vitapro.

Firstly, there is a quest for efficiency, doing more things with less, combined with important structural changes taking place through consolidations.

Secondly there is need for market diversification. “We are not just seeing geographical changes but have to adapt to other new challenges, for example selling more shrimp through different channels such as ecommerce,” he said.

Thirdly, traceability is also a must, Cooper said. “These sum up the main forces pushing us towards a more sustainable evolution,” he said.

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Indonesia on the rise

Indonesian shrimp industry is seeing value growth. The country was the main winner among producing nations because of processing factors in 2020, Rabobank Senior Global Seafood Analyst Gorjan Nikolik.

This was helped by demand from the US for value-added products.

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Tuesday, Feb 23, 13:00 GMT

IntraFish's Digital Shrimp Forum is underway in minutes, with a panel of shrimp sector experts taking on some of the biggest questions and issues facing the global shrimp farming industry.

The panel features some of the shrimp industry's biggest names including Tunyawat Kasemsuwan, Thai Union Global Innovation Director; Werner Jost, CEO at Camanor Productos Marinhos; Yahira Piedrahita, executive director at Ecuador’s national chamber of aquaculture; Willem van der Pijl, founder at Shrimp Insights; and Bill Hoenig, vice president of sales and operations at Delta Blue Aquaculture.

First up are presentations from Rabobank's Gorjan Nikolik and Vitapro Business Development Manager Allan Cooper.

Don't miss out for what is set to be a lively and dynamic discussion on one of the seafood industry's most important sectors.

The Link Lonk


February 23, 2021 at 07:49PM
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Markets, tech and investment: How does the future look for the global shrimp sector post-2020? - IntraFish

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