While some in the US shrimp market are calling for retailers to take action to reduce stubbornly high inventories, others say this is already happening and that the real issue is poor demand.
Shrimp producers, as well as other seafood suppliers, have been stuck in a cycle of building inventories and weak sales following a period of unprecedented demand for shrimp and other seafood products helped in part by government stimulus money and other efforts to promote consumer spending during the post-COVID period stretching from mid-2020 into the first quarter of last year.
