Shrimp Shortage May Be Seen in the US

Shrimp Shortage May Be Seen in the US - US - Shrimp imported into the US in September registered a year-on-year decline of 19%. This meant that shrimp import volume was less than 765.7 million pounds, worth $2.6 billion recorded in the same period last year, according to the US National Marine Fisheries Services' statistics.

Supply source fluctuation is reflecting a market transition process where key suppliers have been replaced due to the recent anti-dumping case.

6 nations including China, Vietnam, Thailand, Ecuador, Brazil and India have been named in a Department of Commerce's anti-dumping announcement earlier in July. Hence shrimps imported from those countries would be imposed a preliminary tariff. DOC's final release would be issued on Nov 24 for China and Vietnam, and on Dec 17 for the rest of the nations.

Brazil exported 18.6 million pounds of shrimp to the US in September this year, falling 60% from the same month last year.

Bangladesh shrimp exports in the first 9 months of this year enjoyed a year-on-year increase of over 57%, of which the country's export was up 75% in September alone.

In September this year, the US imported 95.5 million pounds of shrimp, worth $330 million. This figure fell 19% in volume compared with 2003, when the country imported over 1.1 billion pounds of shrimp products, worth $3.8 billion. The volume and value rose 15% and 9% respectively.

Source: eFeedLink - 12th November 2004