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April 25, 2015

United States

California—Shrimp News—Future Price Contest

 

The deadline for your entry in the Shrimp News Future Price Contest is Thursday, April 30, 2015!  No entry fee.  Rules below.

 

If enough people participate in this contest, I’m going to repeat it on a monthly or bimonthly (every two months) basis.  Knowing what shrimp farmers around the world think about the future price of shrimp could become a valuable tool for farmers, processors, importers and distributors.

 

The contest is based on the Urner Barry White Shrimp Index Price, an “average” of wholesale, headless, shell-on, frozen shrimp prices per pound (0.453 kilogram) in the United States.  On April 23, 2015, the index's price was $4.2025 a pound.

 

The average prediction for the price on June 30, 2015, from Shrimp News readers who have already entered the contest is $4.6454 per pound, indicating that they think the price will rise by about 25 cents by June 30, 2015.  The lowest prediction so far is $4.0255; the highest, $5.9431.

 

Urner Barry updates the White Shrimp Index every Tuesday and Thursday.  check the current price on the index.  check the most recent wholesale, headless, shell-on, frozen shrimp prices per pound (0.453 kilogram) in the United States.

 

Contest Rules

 

1. Guess what the price of shrimp will be on Urner Barry’s White Shrimp Index on Tuesday, June 30, 2015.

 

2. Conforming to the way that Urner Barry reports the price, express your guess with four decimals, for example $4.4523.

 

3. Deadline: Submit your entry by Thursday, April 30, 2015.

 

4. Email your prediction to bob@shrimpnews.com, along with your first and last name and the name of your country.

 

5. Very important!  In the subject line of you entry, enter “Future Price Contest”.

 

The person closest—above or below—the Urner Barry Index price on Tuesday, June 30, 2015, will be the winner.  I’ll announce the winner on Wednesday, July 1, 2015.  Your prize, letting the world know that you made a very good prediction!

 

Source: Bob Rosenberry, Shrimp News International, April 25, 2015.

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