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Undercurrent News' week six (Feb. 2-9) changes to US shrimp wholesale price assessments are targeted and slightly mixed. This week, however, they are in the Asian white and black tiger categories after some sideways trading weeks and changes to only Latin American shrimp during the previous periods.
Offerings vary by importer, and the selling region seems to be the determining factor. The lower end of the offers is coming from the West Coast, where inventory is not moving as quickly as the East Coast for various reasons.
Demand for Argentine red shrimp remains good in the face of lessened supplies. Price action has not reacted, however.
The US imported 762,804 metric tons of shrimp worth almost $6.1 billion in 2024, 3% less volume and 6% less value than the 788,209t worth more than $6.4bn imported in 2023.
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White shrimp -- Latin origin
After two weeks of change focused on this category, prices remained steady this trading period. The recent discounts in headless shell-on and head-on shell-on have stabilized and market in general balance. Interest in peeled product still has the market called fully steady to firm.
White shrimp -- Asian origin
There are some adjustments in this category this week. The most broad-based changes are reflected in easy peels. Discounts are noted to better align buying activity with supply. There is a single change higher in the 8-12 count peeled and deveined, tail-on product.
Supply gaps and no replacement led freshwater shrimp prices higher. Buyers looking for this particular item were forced to compete for offerings.
Black tiger shrimp
There are two premiums in this category as large shrimp utilized for higher-end foodservice customers move above last week's levels. Replacement is still an ongoing challenge and providing the support for the higher asking levels.
Argentine red shrimp
While there were no changes again this week, importers are reviewing the category. Interest remains solid, but supply challenges are prevalent. Inventory in country is paring quickly, and imports are currently limited.
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