Shrimp prices at record highs

for international chitty shrimp that is…glad to finally see this and hope the US domestic market can capitalize on it…

http://money.cnn.com/2013/08/16/news/economy/shrimp-prices/index.html?hpt=hp_t2

The price of shrimp has experienced a jumbo surge to nearly $6 a pound. That’s an all-time high.
NEW YORK (CNNMoney)
You may have to skimp on the shrimp this summer.

Shrimp prices are skyrocketing to all-time highs, amid a disease that’s plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.

Interestingly though, the Cadillac of crustaceans is cheaper than it’s been in a long time. Lobster prices, while still a lot higher than shrimp, have fallen recently. But more about that later.

The world is facing an “acute shrimp shortage,” the worst of its kind since industrial shrimp farming emerged, say Rabobank analysts in a report aptly named “Shrimp in a crimp.”

Thailand is the world’s largest shrimp producer and has been hit hardest by the disease. The country alone supplies about 30% of the tropical shrimp in the United States and the European Union, and is expected to see its supply cut in half this year.

Each year Americans eat an average of four pounds of shrimp per person, but consumption will probably drop in 2013, the Rabobank analysts say.

“After a decade of explosive growth, the global farmed shrimp industry has reached a turning point,” they said.

Back in June, Darden Restaurants (DRI, Fortune 500), the parent company of Red Lobster, Olive Garden and other chains, noted higher food costs partly due to “shrimp supply disruptions” could cut into future sales. Seafood alone accounts for about a quarter of Darden’s total cost of goods sold, of which shrimp is the most popular protein.

And the disease isn’t the only thing pushing shrimp prices higher. In other news on the shrimp beat, the Commerce Department ruled Tuesday that China, Ecuador, India, Malaysia and

Now if they will just show up in numbers here.

“Apathy is the Glove in Which Evil Slips It’s Hand”.

I don’t think the “international chitty shrimp” are that bad.

My wallet likes them a lot more than local shrimp.

I’d rather boil peanuts than shrimp anyway. :sunglasses:

Semper Fi
18’ Sterling
115 Yamaha
Big Ugly Homemade Blue Push Pole

quote:
Originally posted by HoofArded

I don’t think the “international chitty shrimp” are that bad.

My wallet likes them a lot more than local shrimp.

I’d rather boil peanuts than shrimp anyway. :sunglasses:

Semper Fi
18’ Sterling
115 Yamaha
Big Ugly Homemade Blue Push Pole


now ya done goofed :face_with_head_bandage:

quote:
Originally posted by HoofArded

I don’t think the “international chitty shrimp” are that bad.

My wallet likes them a lot more than local shrimp.

I’d rather boil peanuts than shrimp anyway. :sunglasses:


</font id=“quote”></blockquote id=“quote”>

do you go shrimping in the Fall? if not then you have a spot on my boat…let’s roll…

The Morris Island Lighthouse www.savethelight.org

quote:
Originally posted by Bonzo72
quote:
Originally posted by HoofArded

I don’t think the “international chitty shrimp” are that bad.

My wallet likes them a lot more than local shrimp.

I’d rather boil peanuts than shrimp anyway. :sunglasses:


</font id=“quote”></blockquote id=“quote”>

do you go shrimping in the Fall? if not then you have a spot on my boat…let’s roll…

The Morris Island Lighthouse www.savethelight.org


With a name like hoofarded he's gotta be fun on a boat

14’ Skiff-“Redfish Reaper”

Probably better there than a closed room:smiley:

Capt. Larry Teuton
Cracker Built Custom Boats

“Ships are the nearest things to dreams that hands have ever made.” -Robert N. Rose

no import shrimp in my store! I do use shrimp from Al, LA, Tx, Fla, GA, NC. and of course whatever size local shrimp are running

.

NMFS = No More Fishing Season

“Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him”

Sells,

On the import shrimp is the cloroxie taste formaldehyde? I was told that the faint (sometimes strong) taste on the import shrimp is formaldehyde used to keep the shrimp from turning color and keeping them more marketable. Just assumed this from others telling me so. What you think? fact of fake?

fake. They use the same sulfates (preservative) that are used domestically. The big problem with imports are the pesticides and antibiotics which are banned here. I won’t buy shrimp that are treated with sodium tripolyphosphate, a chemical applied to maintain moisture. In high doses, tripoly allows shrimp to absorb water, making them appear larger and thus more expensive.

.

NMFS = No More Fishing Season

“Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him”

quote:
Originally posted by Bonzo72

do you go shrimping in the Fall? if not then you have a spot on my boat…let’s roll…


I grew up going shrimp baiting with my dad every year.

My brother and I used to go a few times every year before I hurt my back.

Now I can’t throw a cast net many times before it starts to hurt. :frowning_face:

I am pretty good at driving a boat, though. :smiley:

Semper Fi
18’ Sterling
115 Yamaha
Big Ugly Homemade Blue Push Pole

On the issue of local vs international chitty:

My wife doesn’t like shrimp, so I don’t cook them very often. When I do, I like to eat a big pile of them, and a big pile of international chitty is a lot cheaper than a big pile of local. My local Piggly Wiggly is the closest store to my house, and their fresh, local shrimp always seems to be previously frozen. I think once you freeze them they all taste the same anyway.

Semper Fi
18’ Sterling
115 Yamaha
Big Ugly Homemade Blue Push Pole

Sorry it took so long to reply.

I spent the weekend at my buddy’s bachelor party.

This is what I was doing Saturday:

Semper Fi
18’ Sterling
115 Yamaha
Big Ugly Homemade Blue Push Pole