Shrimp correction well underway - huge harvests in Ecuador, slowdown from China push prices down
SEAFOODNEWS.COM May 9, 2014
The shrimp price correction is well established as Urner Barry reported yesterday that the market for headless shell-on white shrimp “is under considerable downward pressure “ after already declining around 10% since the beginning of the year.
Anecdotally producers are dropping prices $.30, $.40 or even $.50 cents to keep sales flowing.
One of the things driving this decline is a change in the Chinese market. The strong cross-border demand for Ecuador shrimp...
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