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August 1, 2013

The World

Unprecedented Rise in July Shrimp Prices

 

During July 2013, in an unprecedented price response to shrimp shortages, USA shrimp prices surged by around $1.00 a pound for many size classes.

 

USA buyers were forced to build inventories for the busy mid-summer season, while production cuts caused by EMS in Thailand, and elsewhere, and the attempts of many buyers to find new sources of shrimp outside of their traditional partners put upward pressure on USA prices.

 

Paul Brown, owner of Urner Barry, a publisher of market and prices information on foodstuffs, said, “Premiums are noted across the complex as sellers...price product defensively to slow sales or balance inventories.”

 

India has become the primary producer of large, peeled tails, with many sizes jumping $1.00 a pound in July.  Asian, 16-20, peeled tails went from $7.05 to $8.05 during July, and 21-25s rose from $6.05 to $7.00 a pound.  Asian 31-40s had an even greater percentage increase, but not a $1.00 a pound because of their smaller size.

 

In Ecuador, the price of raw tails also surged by $1.00 a pound for many size classes.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Shrimp Prices Surge by $1.00 in Month of July; Price Increases 'Unprecedented'.  John Sackton.  July 31, 2013.

 

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