Shrimp Prices Approaching Their Lowest Level in Three Years; But Don't Forget Market is Cyclical
Urner Barry’s shrimp quotations headed lower this week. Nine items on their quote sheet hit lows for the past 52 weeks.
The UB farmed shrimp index is approaching its lowest level in the past three years, reached both in 2015 and again in June and July of 2018.
There is a lot of farmed shrimp being produced. At the Global Aquaculture Alliance's GOAL Conference, predictions were for global farmed shrimp production to increase at a 6% to 7% rate per year ...
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