The U.S. Department of State late last week gave Mexico the OK to resume exporting wild shrimp to the U.S. market, six months after an import ban went into effect.
The move comes as U.S. shrimp prices are trending upward. After leveling off in the summer, they’ve been on the rise since mid-September and are up significantly from a year ago.
For example, Pacific whites farmed in Latin America are commanding up to USD 6.50 a pound for 21-25s, up more than USD 2 from a year ago, while Pacific w…