Elvis, do you see similar effects of El Nino on the shrimp market or is it different?

So El Nino plays out differently in different regions across the globe.

That's what we understand so far about El Nino.

So in India, El Nino usually means a weak or erratic southwest monsoon and this can play variably across different regions in India.

Take for example, water scarcity in the east coast of India, which is a major shrimp producing region, often leads to rising pond salinity levels, heat stress, which could also step up the disease load on crops.

So in such scenarios, what we are seeing is that farmers respond by cutting the stock density, maybe delaying the crops or harvesting smaller sizes to reduce risk.

This is something that's similar to what Mariana told would happen in Ecuador, say the sizeability factor would play a bigger role.

How's the fish meal trade dynamics currently evolving?