Glut of white shrimp likely to drop U.S. prices
May 2, 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.
Many farmers in Vietnam are said to be switching to white shrimp from black tigers, with as much as a 70-30 ratio in favor of whites. Similar reports are coming from India, said one longtime U.S. shrimp importer.
“That’s going to put an awful lot of white…