In the previous quarter, this region was reported to have an oversupply of shrimp, which drove down market prices and caused large financial losses among importers in the foodservice segment in northwestern Europe.
The third quarter of 2018 was to be dominated by volatility and uncertainty. Volatile it has been. On the northwestern European mainland, prices continued to be exceptionally low until July. However, by the end of August, market prices had seriously recovered. This price recovery was driven by increased prices of shrimp from Asia arriving on the market on the one hand, and inventories in the E.U. clearing up on the other hand. The U.K. is confronted with a different scenario, as uncertainty about Brexit causes unrest in the market...
