Global production growth outpaces demand, pressures US shrimp prices

US shrimp prices remained under pressure as a prolonged imbalance between global supply growth and demand continued to weigh on the market, according to industry participants. Platts, part of S&P Global Energy, assessed peeled deveined tail-on 16/20 count shrimp at $4.20/pound May 29, down 10 cents/lb from the beginning of the month. Sources said ample inventories, cautious purchasing activity,US shrimp prices remained under pressure as a prolonged imbalance between global supply growth and demand continued to weigh on the market, according to industry participants. Platts, part of S&P Global Energy, assessed peeled deveined tail-on 16/20 count shrimp at $4.20/pound May 29, down 10 cents/lb from the beginning of the month. Sources said ample inventories, cautious purchasing activity,Read More