ANALYSIS: Despite U.S. Shrimp Import Declines, Market Historically Oversupplied
There has been continued discussions in the shrimp industry over the last 10 months about the steady declines in U.S. shrimp imports, which continue to come in with double-digit declines year-over-year and the sustained weakness in pricing that has many items at record or 52-week lows.
It seems counterintuitive that supply continues to be constrained but softness in prices is evident. However, looking at some data more closely, it appears that despite these declines, the market in...
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