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May 2, 2015

United States

California—The First Shrimp News Future Price Contest

 

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.  That’s why I started the Future Price Contest, which I plan to repeat on a quarterly basis.  To increase the number of participants, I’m going to offer a monetary reward for the winner of the next contest, which will begin in July and end in September 2015.

 

I received 36 entries for the first Shrimp News Future Price Contest, which 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 New York, USA.  On April 30, 2015, Urner Barry index price was $4.1595 a pound.

 

The average prediction from Shrimp News readers for the price on June 30, 2015, the end of the contest, was $4.4988 a pound, indicating that they think the index price will rise by about 34 cents a pound in the next two months.  The lowest prediction was $3.4818; the highest, $5.9431.

 

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

 

Of the 36 entries, 15 were from the United States, with the remainder from Argentina, Ecuador, India, Indonesia, Japan, Korea, Honduras, Malaysia, Mexico and Peru.  I’ll announce the winner on, or about, July 1, 2015.

 

Source: Bob Rosenberry, Shrimp News International, Update on the First Future Price Contest, May 2, 2015.

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