U.S. shrimp imports continued to rebound in October, and Ecuadorian shrimp sales increased by 18% year-on-year

Data from the National Oceanic and Atmospheric Administration (NOAA) show that the United States imported 76,369 tons of frozen shrimp products in October 2023, a year-on-year increase of 9%, with an import value of US$609 million, a year-on-year decrease of 4%, and an average price of US$7.98/kg, a year-on-year decrease of 12%. %. ​ In the third quarter, U.S. shrimp product imports ended 13 consecutive months of year-on-year decline and returned to the growth range. Prices are still at low levels, and the price in October hit a new low in several years. ​ In the first 10 months, the United States imported a total of 651,907 tons of frozen shrimp, a year-on-year decrease of 9%, and the import value was approximately US$5.4 billion, a year-on-year decrease of 20%. ​ At this stage, the main challenge facing U.S. importers is the upcoming "double-reverse" investigation, and deposits must be paid starting in March at the earliest. The U.S. Department of Commerce (DOC) and the ...