Crisis with Ecuador would pressure fish consumption during Holy Week and alert over illegal cross-border trade
Fish consumption during Holy Week would reach 50,000 tons in Colombia. Photo: Miltón Díaz - Portafolio
TL;DR
- Holy Week is a significant period for the fish and agro-product market in Colombia.
- Estimated fish consumption for Holy Week is around 50,000 tons, exceeding the monthly average.
- Prices for fish are expected to remain stable with variations generally below 10% annually.
- Ecuador's 50% tariffs on Colombian products and Colombia's 30% retaliatory tariffs are a major concern for the sector.
- The trade dispute particularly impacts imported shrimp, a significant aquaculture product from Ecuador.
- Higher prices for imported seafood are anticipated due to the tariffs, with potential for increased illegal trade.
- Aquaculture leads national supply at 57%, followed by imports (28%) and capture fisheries (15%).