Imports of white shrimp from India to the United States are streaming in like never before, which means low prices and a wealth of supply for US buyers -- but buyers are not celebrating.
“The sheer volume of the Indian production is creating some turmoil in the marketplace,” Ernie Wayland, executive vice president with importer International Marketing Specialists (IMS), told IntraFish. “You just never know from one day to the next what is going to happen.”
India has gone from exporting no white shrimp to the United States three years ago to exporting 66 million pounds in 2010, then 106 million pounds in 2011, and as of May – before the height of the season had hit – the country was on track for a 35.5
