ANALYSIS: Shrimp, Crab Meat and Frozen Tuna Face Slow Sales, Backed Up Inventory
‘Tis the season to be jolly! But with slow sales and backed up inventory, not everyone may be feeling the holiday spirit.
The shrimp market has come under significant pressure in recent weeks amid the realization supplies are burgeoning. Imports in the last 10 years have grown by CAGR 5.29 percent, but in 2021 surged 19.8 percent. And January through April were 17 percent higher. While imports have since slowed, and year-to-date imports are even with the prior year, that’s still 20.5 percent more shrimp than January through September 2020...
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