ANALYSIS: Unprecedented Surge in Shrimp Imports Signals Market Imbalance Risk
The US shrimp market remains in flux as April import estimates reveal substantial year-over-year growth, potentially creating inventory imbalances similar to those experienced in 2022. Based on current U.S. Customs data, our April projections indicate imports will reach approximately 162.5 million pounds, representing a remarkable 45.5% increase from the previous year (see table 2). But before diving into any conclusions, let us provide some context...
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