Aquaculture for all

Canadian Shrimp Processors Close to Poor Demand

Crustaceans Processing Economics +3 more

CANADA - Seafood processors in Newfoundland and Labrador shut down shrimp operations on Tuesday, blaming the high Canadian dollar and poor demand for processed shrimp.

The Association of Seafood Producers, representing plants producing coldwater shrimp in Newfoundland and Labrador, called it an "unprecedented situation."

In an article in news, members of the association said they won't start producing shrimp again until the overall economic situation improves. They blamed an unfavourable currency exchange and market factors, as well as high raw material prices. They've formally told their European customers that they are not producing shrimp.