# Rabobank: 2023 is year to forget for shrimp industry

> Rabobank forecasts the second half of 2023 will be the most challenging period for global aquaculture since 2020. Fishmeal prices are rising due to El Niño and the Peruvian season cancellation, while shrimp prices are at record lows from Ecuadorian oversupply. Aquafeed prices are expected to be supported by the fishmeal and fish oil scarcity.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34686-rabobank-2023-is-year-to-forget-for-shrimp-industry
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Scarce fishmeal and fish oil supply is expected to keep feed ingredient costs elevated through late 2023. Weak shrimp demand, however, limits how much aquaculture buyers can pass on those higher costs.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2023/08/08/rabobank-2023-is-year-to-forget-for-shrimp-industry/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.