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Prices of imported shrimp products in the United States
Angel Rubio, senior analyst at .
.
agricultural commodity price portal Urner Barry (UB), told UCN: “Last year, there was a crazy increase in .
.
imports of vannamei, but prices didn’t collapse, which is nothing like what we’ve seen historicall.
"
.
agricultural commodity price portal Urner Barry (UB), told UCN: “Last year, there was a crazy increase in .
.
imports of vannamei, but prices didn’t collapse, which is nothing like what we’ve seen historicall.
"
The UB report believes that today's white shrimp market is overvalued, with value-added skin-cooked shrimp being overvalued by 2% to 5%, and headless and shell-on shrimp being overvalued by 5% to 17.
The UB forecast model uses imports as the only factor to measure prices, so it is difficult to control for potential price changes brought about by other variables, such as increased sales of value-added products in Ecuador, the negative impact of the war in Ukraine, and so o.
The UB forecast model uses imports as the only factor to measure prices, so it is difficult to control for potential price changes brought about by other variables, such as increased sales of value-added products in Ecuador, the negative impact of the war in Ukraine, and so o.
But statistically speaking, imports reflect the richest information on market dynamic.
According to statistics from the National Oceanic and Atmospheric Administration (NOAA), the United States imported 75,000 tons of shrimp products in May 2022, which was less than 80,600 tons in the same period last yea.
According to statistics from the National Oceanic and Atmospheric Administration (NOAA), the United States imported 75,000 tons of shrimp products in May 2022, which was less than 80,600 tons in the same period last yea.
UB believes that since March this year, there has been a signal of correction in the US marke.
Although the price is still higher than the same period last year, the import volume has begun to decline month by mont.
For example, the import volume in April was about 66,800 tons, down 19% from Marc.
.
Although the price is still higher than the same period last year, the import volume has begun to decline month by mont.
For example, the import volume in April was about 66,800 tons, down 19% from Marc.
.
Considering the cyclical changes in US market demand, stimulated by holidays such as Thanksgiving, Christmas and New Years, imports in the fourth quarter are often higher than in other quarter.
UB believes that the US shrimp price correction will be a slow and gradual process, rather than The slump in price.
UB believes that the US shrimp price correction will be a slow and gradual process, rather than The slump in price.
UB believes that the demand for shrimp from American consumers is very strong, and the price of shrimp products has never been underestimated by the market, and the current price is in a historical new norma.
