ANALYSIS: February US Shrimp Imports Hold Steady as Ecuador Fills India's Peeled Shortfall
February warm-water shrimp imports totaled roughly 139 million pounds, reflecting a modest 0.3% year-over-year decline that was smaller than our forecasted 0.5% drop. Beneath the stable headline, however, significant compositional shifts continued to reshape the import mix: Ecuador gained substantial peeled share while India's peeled volumes contracted sharply, and shell-on flows remained below model expectations. These dynamics underscore the ongoing rebalancing as tariffs, certification issues, and origin-level supply patterns drive substitution across both countries and product forms...
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