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There were again limited premiums in Undercurrent News' week 2 (Jan. 6-12) US shrimp wholesale price assessments, and remained on trend. Buying activity continued to move higher but broader acceptance is warranted and wanted by the industry.
But, by all accounts, Q4 saw some good tailwinds from buyers. This has helped inventory positions. There are supply gaps noted.
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It appears the first test for seafood trade in the United States -- a threatened port strike -- has been averted thanks to a tentative agreement that just needs to be ratified.
White shrimp -- Latin origin
Price assessments were steady week-to-week. Offerings out of Ecuador seem to be increasing, which has allowed US importers to take stock of current positions and maintain pricing for the time being.
White shrimp -- Asian origin
While most prices remained steady, there were broader gains in freshwater product. Despite a niche market, available inventory is thin and those in trade needed to bid up in order to procure supplies.
Black tiger shrimp
This category again saw the most changes. Buying is still good and replacement a challenge. There was continued strength in headless shell-on, with higher assessments on the 21-25 and 26-30 counts. Larger-sized P&D tail-on gained following last week's tail-off gains. Additional premiums were seen on the 16-20 count tail-off.
Argentine red shrimp
While there were no changes again, the market is leaning to the top side of our quotes. Interest remains strong and offerings have tightened. Slow growth is causing issues on sizing during the current season and has led to delays.
There is limited availability of easy peel in the United States.
Latest US imports
US shrimp imports were slightly higher in November 2024 than in November 2023 at 158.252 million pounds. This was driven by gains from Indonesia (+12%), Vietnam (+25%), and Thailand (+33%). India (-4%) and Ecuador (-15%) were lower.
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