Rising demand as well as droughts and poor harvests in key production regions have put a significant dent in European shrimp importers’ stockpiles and are starting to drive up consumer prices. These circumstances are being further exacerbated by the steady decline of coldwater prawn supplies, which have fallen from a peak of more than 450,000 metric tons (MT) in 2004 to around 235,000 MT last year.
The U.K. press has jumped on the situation, reporting that the average price paid by leading se…
