By SeafoodSource staff
09 November, 2012 - Due to an influx of farm-raised imports and weak demand, too much shrimp is sitting unsold in an unsteady market.
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By SeafoodSource staff
03 May, 2012 - New supplies of white shrimp from Vietnam and India, along with a resurgence in production in Thailand after last year’s floods, are all expected to lead to plentiful supplies in the United States — and that will cause prices to fall.
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By SeafoodSource staff
23 March, 2012 - Vietnamese shrimp exporters have had 56 shipments to Japan rejected because of excessive levels of the bactericidal agent enrofloxacin, according to the Vietnam’s Ministry of Agriculture and Rural Development. Similarly, the Canadian Food Inspection Agency placed six Vietnamese seafood exporters on its Mandatory Inspection List between October and December of 2011 for fluoroquinolone (enrofloxacin) violations, this time involving catfish.
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By Jason Holland, SeafoodSource contributing editor reporting from London
29 December, 2011 - In 2011, buyers found it a constant struggle sourcing farmed shrimp at a price that’s conducive to the cost-effectiveness of their businesses. Unfortunately for them, it appears as though this problem will not be going away in the near future, and prices will remain high for at least the next year, particularly for large sizes of U25s and up.
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By Steven Hedlund, SeafoodSource editor
04 November, 2011 - The country is experiencing its worst floods in more than 50 years due to a volatile monsoon season; 26 of Thailand’s 77 provinces are inundated by floodwaters. So the Thai Frozen Foods Association may need to readjust its shrimp-export forecast for 2011.
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By Steven Hedlund, SeafoodSource editor
23 September, 2011 - Described by one industry veteran as “in the doldrums,” the U.S. shrimp market is crawling through a traditionally lethargic period, with orders already in place for the upcoming holidays and spot purchasing yet to heat up. U.S. inventories are low, but apparently not low enough to ignite demand.
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By Steven Hedlund, SeafoodSource editor
22 July, 2011 - A recent World Trade Organization ruling may significantly impact the flow of shrimp into the U.S. market, but don’t expect that impact to come anytime soon.
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By Steven Hedlund, SeafoodSource editor
24 June, 2011 - U.S. shrimp imports may be on the increase (year-to-year they’re up 2.4 percent to more than 331 million pounds through April), but replacement costs for farmed shrimp from Asia remain high. And a number of factors are contributing to the high replacement costs.
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By Steven Hedlund, SeafoodSource editor
20 May, 2011 - This year is gearing up to be a productive one for the upper Gulf of Mexico shrimp fishery. One year removed from the catastrophic oil spill that paralyzed last spring’s harvest, shrimpers are back at it. The increase in fishing activity — along with warmer-than-usual water temperatures that are conducive to shrimp growth are expected to result in a strong harvest.
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By Steven Hedlund, SeafoodSource editor
13 April, 2011 - Flooding in southern Thailand is jeopardizing this year’s shrimp crop. And, as a result, shrimp prices are expected to climb in Thailand, the world’s No. 1 shrimp exporter, in the coming months.
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By Steven Hedlund, SeafoodSource editor
18 March, 2011 - The catastrophic earthquake and tsunami that rocked Japan on 11 March is sure to impact the global shrimp market, as Japan is the world’s No. 2 shrimp importer, behind the United States. Japanese shrimp imports had been trending upward, increasing in each of the last three years and reaching 205,345 metric tons last year, the highest total since 2007’s 207,257 metric tons.
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By Steven Hedlund, SeafoodSource editor
24 January, 2011 - Last month, the UN’s Food and Agricultural Organization warned of “food price shock” this year, as commodity and fuel prices rise worldwide. As for shrimp, the shock has already set in.
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By Steven Hedlund, SeafoodSource editor
10 January, 2011 - Typically, shrimp imports peak in October, as buyers gear up for the hectic holiday-season demand, which carries over into January and February for occasions such as Chinese New Year and the Super Bowl. And this winter has so far been no different, as restaurant traffic rebounds from the economic downturn.
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By Steven Hedlund, SeafoodSource editor
08 November, 2010 - Oregon’s 2010 pink shrimp fishery wrapped up just days ago, with all indications pointing toward an above-average season in terms of production. Meanwhile, New England’s 2010-11 pink shrimp fishery is gearing up for a 1 December opening and a 136-day season, 44 days shorter than the previous season.
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By Steven Hedlund, SeafoodSource editor
23 August, 2010 - Whether it's a lack of availability or prices that just won't budge, there's a lot of uncertainty facing U.S. shrimp buyers as summer transitions to fall and the spot market heats up in time for the frantic winter holiday season. But one of the biggest question marks on the global shrimp scene remains Mexico.
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By Steven Hedlund, SeafoodSource editor
26 July, 2010 - Though one industry veteran describes shrimp-trading activity as "very dull" right now, supplies have tightened and prices have increased in the U.S. market over the past 60 days. U.S. importers sourced aggressively in May and June, pushing already high overseas prices to even higher levels by July.
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By Steven Hedlund, SeafoodSource editor
21 June, 2010 - The supply shortage in the Gulf of Mexico — combined with disease problems in Indonesia, fishery certification complications in Mexico and the typical low point in the year for aquaculture production — are driving up shrimp prices and making life a little more difficult for shrimp buyers. But the market should calm down as more product makes its way to the United States in the coming months.
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By Christine Blank, SeafoodSource contributing editor
31 May, 2010 - U.S. Gulf shrimp is in high demand, as consumers are buying large quantities over fears that it will soon be unavailable due to the disastrous oil spill in the Gulf of Mexico. That’s driving up prices.
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By James Wright, SeaFood Business senior editor
08 February, 2010 - In the U.S. market, supplies of larger shrimp are tight and in high demand, said one industry insider, leaving bargains for smaller sizes. Through the first 11 months of 2009, U.S. shrimp imports were down 3 percent but still eclipsed the 1-billion-pound mark again.
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By April Forristall, SeafoodSource assistant editor
24 December, 2009 - Supplies of domestic Gulf shrimp are tightening and prices are climbing but still aren’t ideal. That’s a turnaround from earlier this year, when Gulf shrimp processors had more than enough shrimp but were receiving less than satisfactory prices.
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By James Wright, SeaFood Business senior editor
14 December, 2009 - Good news: Maine's coldwater pink shrimp fishery will last 180 days, the same as last season. The bad? Selling these sweet but tiny crustaceans will again prove challenging.
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By Steven Hedlund, SeafoodSource editor
26 October, 2009 - Following a seasonal lull in September and October, the U.S. spot market for shrimp picks up in November and December, as suppliers scurry to satisfy buyers' last-minute holiday needs. But this year's late summer/early fall spot market was exceptionally quiet, especially at the foodservice level. Retailers and foodservice operators nationwide are still feeling the effects of the recession.
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By Mercedes Grandin, SeafoodSource contributing editor
24 August, 2009 - The Canadian coldwater shrimp (Pandalus borealis) industry is facing a difficult 2009 marked by weak demand, reduced supplies and low prices. A tough global economic climate and a depreciated Canadian dollar have resulted in unfavorable returns for Canadian shrimpers but favorable prices for seafood buyers worldwide.
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By Mercedes Grandin, SeafoodSource contributing editor
15 May, 2009 - U.S. Gulf shrimp landings from January to March nearly reached 11 million pounds. In 2008, they totaled 118.4 million pounds, a decline from the 2004-07 annual average of 140.8 million pounds.
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By Steven Hedlund, SeafoodSource editor
12 February, 2009 - The farmed shrimp market is struggling as a result of lack of demand.
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By Steven Hedlund, SeafoodSource editor
10 April, 2009 - After bottoming out in late 2008-early 2009, tiger prices are rising due to tightening supplies.
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By April Forristall, SeafoodSource assistant editor
31 July, 2009 - The U.S. Gulf of Mexico brown shrimp harvest will be slightly below average this season, with prices being forced to record lows, say industry players. Fishermen are already aggravated about the "junk" prices they're receiving for their catch.
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By Steven Hedlund, SeafoodSource editor
30 September, 2009 - As the weather cools off and the market heats up, U.S. shrimp buyers are assessing the supply situation and fulfilling last-minute needs for the frantic holiday season. Orders placed in the summer are now arriving. U.S. shrimp imports usually peak this month, topping 144.3 million pounds last October. Will they reach that mark this year? Maybe.
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By Steven Hedlund, SeafoodSource editor
19 October, 2010 - After leveling off in the summer, U.S. shrimp prices have been on the rise since mid-September and are up significantly from a year ago. The U.S. Department of State’s decision to allow Mexico to resume exporting wild shrimp to the U.S. market, six months after an import ban went into effect, will do little to relieve the market.
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By Steven Hedlund, SeafoodSource editor
15 November, 2010 - For U.S. buyers of Pacific white shrimp, the fourth quarter of 2010 got off to a nerve-wracking start. Prices began trending upward again in mid-September and showed no signs of letting up through mid-October. But, midway through the fourth quarter, prices were beginning to stabilize, as raw material costs overseas finally leveled off.
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By Steven Hedlund, SeafoodSource editor
26 August, 2011 - U.S. buyers of Asian-raised Pacific white shrimp are adjusting to a new reality — a summer without a significant drop in prices.
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By Steven Hedlund, SeafoodSource editor
02 December, 2011 - Opposite coasts, opposite situations. While the Pacific Northwest pink shrimp (Pandalus jordani) fishery just turned in one of its more productive seasons on record, the New England pink shrimp fishery (P. borealis) fishery is bracing for an abbreviated season.
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By SeafoodSource staff
12 October, 2012 - Lack of trade agreements with Europe could divert more product to U.S. market.
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