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Rising shrimp prices are becoming jumbo problem in the U.S.
September 02, 2013, 10:00 AM
There's a jumbo problem in the shrimp industry: rising prices from a disease that's affecting the three largest producers in Thailand, China and Vietnam, according toCNN Money.

Americans eat an average of four pounds of shrimp per person per year, but consumption will probably drop in 2013 because of an expected shortage, according to the report.

White shrimp prices are nearing $6 a pound, up more than 50 percent from a year ago.

Thailand, the world's largest shrimp producer, has been hit hardest by the disease, CNN reported. It supplies about 30 percent of the tropical shrimp in the United States and the European Union.

Lobster, meanwhile, is still more expensive than shrimp, but at an all-time low. Warmer waters and fewer predators have caused the crustacean's numbers to multiply.

Source: (IntraFish)
Nguyen Bich
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Specialist on Shrimp market
Ms Kim Thu
Tel: 84.24.3771.5055 (ext 203)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: 218 Road Nguyen Quy Canh, An Phu An Khanh New Urban Area, An Phu Ward, District 2, HCM city, Vietnam Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
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Email: kimthu@vasep.com.vn
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