Undercurrent News is proposing the implementation of weekly US wholesale price reporting for the shrimp market. We are gathering industry participant feedback to ensure these assessments align with market needs.
The UCN price assessments will represent product from the most significant trade partners to the US and reflect trade from the importer to the first receiver.
The proposed specifications will cover a wide range of sizes and types of farm-raised, white and black tiger shrimp imported into the US from key markets. Details of the coverage are outlined below:
Sample proposed product coverage:
Market specifications: The price reporting will focus on ex-warehouse pricing for frozen, farm-raised, imported shrimp across various sizes, types, and species.
Quotation series: Prices will reflect less-than-truckload (LTL) volumes, expressed in $/lb. This will provide buyers, sellers, traders, and market participants with a comprehensive understanding of market values at key points in the supply chain.
This initiative aims to provide valuable and independent price benchmarks for the shrimp industry, complementing our established reputation as a credible global seafood news supplier. With nearly 3,000 data sets across key species, this new service will further strengthen our offerings.
UCN is also planning to initiate US wholesale price coverage of various groundfish products, which was announced on Oct. 31.
Your input matters
We invite your feedback to tailor this service to reflect current market conditions and better support your business decisions.
Please send any comments or questions regarding this proposal to [email protected] by Nov. 15, 2024.
All feedback will be acknowledged, and if industry support is confirmed, we aim to launch this price-reporting service on Nov. 20, 2024.
Thank you for your continued support. We look forward to working together to build a reliable and robust shrimp price reporting service.
UCN Team
Contact the author [email protected]
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