US shrimp prices rise as Middle East tensions lift freight costs

US shrimp prices rose in recent days, with market participants citing rising freight costs tied to the Middle East war as a contributing factor. Platts assessed peeled and deveined tail-on shrimp, 16/20 count, at $4.70/lb CIF New York, up from $4.20/lb in mid-March, when prices had fallen to their lowest level since August 2025 amid easing tariffs and increased competitiveness from Indian supply.US shrimp prices rose in recent days, with market participants citing rising freight costs tied to the Middle East war as a contributing factor. Platts assessed peeled and deveined tail-on shrimp, 16/20 count, at $4.70/lb CIF New York, up from $4.20/lb in mid-March, when prices had fallen to their lowest level since August 2025 amid easing tariffs and increased competitiveness from Indian supply.Read More