Cooked and peeled coldwater shrimp prices hit record highs, based on Icelandic sales data
SEAFOODNEWS.COM [Undercurrent News] by Neil Ramsden Aug 25, 2014
Icelandic prices for cooked and peeled coldwater shrimp have reached what is thought to be an all-time high, driven by the shortage which has had processors worried for months.
The prices are the highest since April 2010 according to Icelandic price data supplied by Undercurrent News, and one European coldwater shrimp source said he believed they are the highest he has seen.
The graph below shows how prices have been on the rise for a year, but a particularly steep incline began in May 2014 and has not slowed.
Icelandic twice frozen prices for 100/200 pieces per kg, 150/250 and 250/350 are all at over £7.70 now, while 300/500 approaches the £6.25 per kg mark, and 500/800 the £5.25.
As for the past months, demand remains strong and there are customers willing to pay to secure extremely limited supplies...
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