Arctic sweet shrimp prices may continue to rise as global demand remains strong

He said demand was rising because several markets were improving slightly, so limited supplies were being pulled in all directions. Demand for C&P shrimp was increasing in the U.S. and China, which is unusual because it is traditionally a head-on, shell-on market, and also picking up in southern Europe. The U.K. is the largest market for re-frozen C&P shrimp, mainly for food service and “industrial” uses (sandwiches and salads in lunch shops). “Canada’s catch has fallen 80% in the last 10 years; Canada used to be No. 1 in supply to the U.K., but is now No. 4,” he noted. The stock outlook does not give hope for a quick recovery. He added that C The rise in C&P shrimp prices is partly due to the supply chain still catching up with inflation that has plagued the food industry since 2022. He believes that if the price of bulk orders of 150-250 grams of re-frozen C&P shrimp exceeds 9 euros, restaurants will remove the product from the menu and retailers will make different choices, as ...