artwork for news feed headlines

Asia is fighting a new disease that has reduced shrimp output in Thailand as much as 40 percent, driving prices higher for Western restaurants and retailers.

The disease appeared in Thailand, the world's largest shrimp exporter, late last year after ravaging shrimp stocks in China in 2009 and then in Vietnam. With production plunging, shrimp prices in the U.S. have jumped 20% in recent months, according to Thailand's leading exporter.

Grocery stores and restaurant chains in the U.S. say they hope the shrimp shortage will be short-lived and manageable, though they may have to raise prices to avoid a hit to earnings.

Click here to read the full story from the Wall Street Journal >

Market Report

Latest videos and photos

SeafoodSource TV

Events

Our Upcoming Events

SfeseSeafood Expo Southern Europe
September 22, 2014 - September 24, 2014 | Barcelona, Spain
The Seafood Marketplace for the Mediterranean

Join top buyers from across the retail, foodservice, manufacturing and processing seafood industries in Barcelona for three days of business, networking, and opportunity! MORE...