Consumers could ultimately have to pay luxury prices for the shrimp they now get at value prices, say US importers reacting to Wednesday’s announcement of countervailing duty rates on US shrimp imports from seven leading importing nations.
“I think the way the price of shrimp is today it’s going to eventually hurt the shrimp business. I think it is going to make shrimp into a luxury item again rather than a standard item that you’d go into a retail store and buy or a restaurant and buy,” Tom Mazzetta CEO of the Mazzetta Company, a leading US shrimp importer, told IntraFish.
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