ANALYSIS: Key Shrimp Item Descends to All-Time Low Price
The market for 16-20 count, P&D, tail-on, white shrimp has fallen to a new all-time low. The bellwether item, used in a multitude of foodservice applications, fell to $5.00 per pound in Tuesday’s assessment.
There’s an array of factors contributing to the current, weak environment:
Imports have been growing at a rate of roughly 5.3 percent, per year, in the last ten years. In 2021, imports surged 19.8 percent, and January through April, they climbed another...Full Story »