ANALYSIS: Front-Loaded Shrimp Inventories Set Stage for Market Shifts Under New Import Tariffs
Our June shrimp import forecasts performed well, with peeled and cooked imports landing within our expected confidence intervals. Peeled imports, in particular, reached unprecedented first-half levels of around 465 million pounds, surpassing the previous high of approximately 417 million pounds set in 2022. This surge aligns with our expectations of front-loading ahead of new tariff deadlines, as importers built inventory in anticipation of significant cost changes. This inventory buildup closely mirrors the pattern seen in 2022...
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