Following several years of uncertainty, the shrimp market is finally looking stable, according to several US seafood executives, and demand and prices may finally be recovering.
This time last year, vannamei shrimp prices were in free fall, with no bottom in sight. Higher product availability and lower costs didn't spur consumption, and prices continued to decline well into autumn.
This year, while prices remain softer than last year, most executives say they see stability on the horizon, with no major supply hiccups threatening to upend the market as in years past.
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