Abundant catches, weaker Chinese demand put pressure on Argentinian shrimp prices
Shrimp catches were abundant throughout June, totaling 37,386 metric tons, and continued to be strong in July, with 18,670t recorded in the first two weeks
Thai Union sends Red Lobster $21m bill for 15m lbs of shrimp
Red Lobster has listed its obligation to Thai Union under a 2019 supply agreement as '$0,' which the seafood supplier disputes
Boom in Argentina’s illex squid sales eases hake, red shrimp export slump
Argentina's seafood exports rose by 26.9% in volume and 9.7% in value to a total of 45,780t worth $145.5m in May
US shrimp imports climbing again, though prices remain low
'We hit bottom in 2023. I don’t expect prices to go below that level, but certainly down to those levels' -- Donelson Berger, Stavis Seafoods
New bill would empower US food safety agency to destroy rejected seafood, prevent ‘port shopping’
The Southern Shrimp Alliance says the new bill would close a loophole that allows foreign exporters to ship rejected seafood back to the US
Red Lobster debt holder Fortress seen as most likely buyer after key creditor deal
US-based Fortress, which manages $48bn in assets, is seen as the most likely candidate to rescue Red Lobster from Chapter 11 bankruptcy
US expands ban on Chinese seafood over forced labor concerns, includes Argentinian red shrimp
The Southern Shrimp Alliance estimates that roughly 32% of the Argentinian red shrimp imported by the US in 2023 was processed in China
US imports of Ecuador shrimp cut in half by CVD rate scare
The US imported just 9,881 metric tons of frozen warmwater shrimp from Ecuador, less than half (45%) the 21,754t imported the month before, based on NOAA data
Argentina’s seafood exports climb again amidst illex squid sale boom
Sales of hake and shrimp also saw an increase during the period, but to a lesser extent
Red Lobster lays much of bankruptcy blame on former CEO Kenny, Thai Union
'Certain operational decisions by former management have harmed the debtors' financial situation in recent years' -- Jonathan Tibus, CEO of Red Lobster Management