High Global Demand for Argentine Red Shrimp Pinched Supplies, Raised Prices in 2016
SEAFOODNEWS.COM by Michael Ramsingh - March 10, 2017
High demand for Argentine red shrimp in global markets last year pinched available inventories for buyers compared to the previous year and raised the cost to replace product in the US market in 2016.
From January to December last year, US import prices for peeled red shrimp imports from Argentina increased about $1.00 per pound. At the same time, US imports for the product more than doubled to nearly 10.5 million pounds...
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