In general, the U.S. shrimp market is in a steady, but quiet trading mode, said Ernie Wayland, vice president with U.S. importer International Marketing Specialists. “Inventories are considered light, particularly in medium-to-small white commodity and value-added shrimp.”
White shrimp prices are up 32 percent over a comparable period in 2010. U.S. shrimp importers are still finding it difficult to source product overseas, as replacement prices are just too high and speculative, he told IntraFish.
“Take your pick from a basket of problems facing us and see if you can calculate the direction of the shrimp market over the near term,” said Wayland.
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