I can’t stand being cheated for more than 3 years! Hongguo broke into blood and tears in the white shrimp trade, complaining about the Chinese painting pie and offering a low price

More than three years after Honduras established diplomatic relations with China, white shrimp exports are facing a cruel reality! Hong Kong media revealed that China had previously purchased 7,200 metric tons of white shrimp, but the actual export volume in the first nine months of this year was far lower than expected, accounting for only 2.94% of Hong Kong’s total white shrimp exports. What makes the industry even more helpless is that the procurement prices in China are relatively low and are not as good as those in Mexico, which is geographically closer.

Macromedia "El Heraldo" reported that China has yet to squeeze into the top five export markets for farmed white shrimp in Honduras. There is a significant gap between the previously announced large purchase orders and the actual export volume.

The report pointed out that in August 2025, Honduras government officials announced that a local company signed a purchase contract with a Chinese company for a total volume of 7,200 metric tons of white shrimp, equivalent to more than 15.8 million pounds.

However, according to the latest report released by the National Aquaculture Association of Honduras (Andah), from January to September 2026, Hongguo exported only 1,451,644 pounds of white shrimp to China, with an export value of US$4,302,732, and an average price per pound of approximately US$2.96.

As of the third quarter of this year, the total export volume of Honduras’ farmed white shrimps reached 49,423,083 pounds, of which only 2.94% was sold to the Chinese market, indicating that China is still not the main export market for Honduras’ white shrimps.

In addition to the large difference between the purchase quantity and the previously announced scale, the prices offered by Chinese buyers also made Hongguo operators dissatisfied. A Honduran white shrimp operator who participated in the China International Fisheries and Seafood Exhibition revealed that China’s purchase price for farmed white shrimps in Choluteca and Valle provinces is low, which is an important factor limiting the export of Honduran white shrimps to China.

The industry pointed out that in comparison, Mexico, which is closer, is willing to pay higher prices, averaging about US$3.04 per pound, higher than China's US$2.96.

The report pointed out that although the Honduras government had previously announced a purchase contract for white shrimps from Chinese companies, the actual quantity exported to China was still far lower than the originally announced purchase scale.