Shrimp

India changing U.S. shrimp market

April Forristall — Fri, 09 Nov 2012 19:17:28 GMT

Due to an influx of farm-raised imports and weak demand, too much shrimp is sitting unsold in an unsteady market.

Enrofloxacin plaguing Vietnam shrimp exports

April Forristall — Fri, 23 Mar 2012 15:50:42 GMT

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.

High shrimp prices, tight supplies here to stay

April Forristall — Thu, 29 Dec 2011 15:26:28 GMT

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.

Pacific Northwest shrimp fishery on upswing

April Forristall — Fri, 02 Dec 2011 17:51:58 GMT

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.

Floods threaten Thailand’s shrimp production

Leischen Stelter — Wed, 11 Jan 2012 15:13:33 GMT

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.

‘Economic malaise’ keeps shrimp prices in check

April Forristall — Fri, 23 Sep 2011 15:50:00 GMT

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.

WTO ruling to benefit U.S. shrimp imports

April Forristall — Fri, 22 Jul 2011 14:34:45 GMT

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.

Bulging Mississippi has La. shrimpers on edge

Steve Hedlund — Mon, 23 May 2011 11:29:43 GMT

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.

Flooding impacts Thai shrimp production

Steve Hedlund — Mon, 23 May 2011 13:25:28 GMT

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.

Years of inexpensive shrimp ‘are over’

Michelle Gayton — Tue, 29 Mar 2011 14:06:44 GMT

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.

Rebounding restaurant traffic bodes well for shrimp

Mercedes Grandin — Tue, 29 Mar 2011 14:54:55 GMT

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.

Oil spill hampers Gulf shrimp fishery

Mercedes Grandin — Thu, 03 Jun 2010 14:47:11 GMT

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.

U.S. shrimp market picks back up

April Forristall — Fri, 05 Feb 2010 17:14:28 GMT

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.

U.S. Gulf shrimp supplies falling, prices rising

Mercedes Grandin — Fri, 22 Jan 2010 15:15:36 GMT

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.

Demand for coldwater shrimp expected to improve

April Forristall — Fri, 11 Dec 2009 18:30:51 GMT

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.

Despite Indonesia's troubles, all is quiet in U.S. shrimp market

Michelle Gayton — Thu, 28 Jan 2010 12:53:10 GMT

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.

Canadian coldwater shrimp in need of buyers

Mercedes Grandin — Tue, 01 Sep 2009 19:09:20 GMT

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.

Gulf shrimp fishery faces stagnant prices, declining fleet

Mercedes Grandin — Fri, 22 Jan 2010 15:16:36 GMT

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.

Black tiger market turns the corner

Mercedes Grandin — Mon, 13 Apr 2009 16:35:42 GMT

After bottoming out in late 2008-early 2009, tiger prices are rising due to tightening supplies.

Economic climate depresses global shrimp market

Michelle Gayton — Fri, 22 Jan 2010 15:16:09 GMT

The farmed shrimp market is struggling as a result of lack of demand.