The Peruvian National Association of Aquaculture (Asociación Nacional de Acuicultura, or SNA) has reported that this year's shrimp production is expected to be the worst since 2016, with a 46.63% decrease compared to the previous season. The country's production is forecast to be below 21,000 metric tons in 2024. The majority of shrimp farming in Peru is done in the Baja California Sur region, which accounts for 90% of the country's total production. This region is a permanent and primary production area, generating exports, formal employment, and a comprehensive value chain. However, the global crisis in the shrimp industry, driven by falling international prices, has led to a halt in operations for most companies, with the situation worsening in the first three months of 2024. Additionally, rising input costs and falling global demand have pushed production costs to a new equilibrium point. The SNA has pointed out that 'it is necessary to operate with a cash reserve to optimize production costs and implement innovative crop management protocols.' Otherwise, Peru's shrimp industry may be on the verge of collapse. Other shrimp-producing countries in Central America, such as Ecuador and India, have allocated budgets from the public sector to support the shrimp value chain. In contrast, Peru has lost its economic vitality and formal employment capacity, particularly in the Baja California Sur region, as stated in a statement.