ANALYSIS: July Shrimp Imports Decline Sharply for Second Straight Month
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In data released today to kick off H2, U.S. shrimp imports fell double digits for the second straight month in July y-o-y. This was generally expected given the backdrop of outside factors, most notably transportation delays and tariff/duties, but primarily driven by outsized losses from Ecuador. Imports for the month were 134.437 million pounds, down 12.1 percent from July 2023. While India (+0.3%) gained slightly, the rest of the top five fell sharply. Second place Ecuador (-30.5%) led the declines, but they were also seen from...
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