End users de-listing, buyers switching to warmwater shrimp and processors committing to too-high prices are all potential effects of the sellers’ market in cooked and peeled, warned coldwater shrimp industry players.
Rocketing prices for warmwater shrimp out of Thailand and other countries held back by early mortality syndrome (EMS) saw US buyers switch to coldwater, several sources told Undercurrent News.
This used up Canadian inventories which would usually be left over by this first quarter of the year, thanks to Canada’s tariff arrangements, which in turn has meant suddenly European buyers face a shortage.