Shrimp Market Report - US - January 2010 [January 2010]
US reviews antidumping duties
The Department of Commerce published the final results of the third administrative review of the antidumping duties on shrimp. While this report was positive for shrimp exporters from India, Ecuador, Viet Nam and China, Thailand was given higher duties. Shrimp importers in the US are now expecting results of the review process of the International Trade Commission, which will begin in January and that could possibly revoke antidumping duties, according to a meeting of the National Fisheries Institute
The European market for shrimp continues to be weak with both demand and prices remaining low. The retail chain segment has reduced its orders significantly and stocks are said to be piling up as a result of consumers’ lessening purchase power and reluctance to buy comparatively expensive products. Demand is decreasing on all major shrimp import markets.
The US economy has spiralled into what many analysts see as the worst recession and financial crisis since the Great Depression that begun with the crash of 1929. During the last quarter of 2008, the economy contracted more than was forecast.
Shrimp Market Report - January 2009 [January 2009]
Shrimp situation extremely difficult
Europe and Japan experienced a noticeable drop of their shrimp imports, while the US market expanded slightly. At present, demand is reportedly very low on all three major shrimp markets. Sharp cut backs in consumer purchases are expected. Prices have started to decline in the second half of 2008, and exporters have difficulties selling at the moment
Shrimp Market Report - EU - November 2008 [November 2008]
Trade of shrimp in EU shrinks
The gloomy situation with regard to shrimp demand is now also present in the EU, an area which was more positive for shrimp consumption earlier this year. Prices of shrimp continue to be low, and are expected to stay that way, given the weak demand in all main markets. The downturn of the market happens in a period of the year, which is normally the main purchasing period. Therefore buying interest looks better than it is in reality.
