East & West Coast Shrimp Prices Increase, Short Supply, Lowest Biomass in recent History The East Coast Shrimp is in "Short Supply" right now and Prices are up $1/lb or more for some sizes 1st time in 30 years ASMFC imposed a Moratorium for the 2014 Gulf of Maine Shrimp due to Overfishing & Low Biomass current East Coast Shrimp Prices FOB Boston are $6.00/lb, $5.90/lb, $5.60/lb, and $5.45/lb Northern Atlantic Shrimp stocks have been Rapidly declining since 2006 Northern Atlantic Shrimp has seen lowest Biomass in recent history of 500MT well below 5 year avg of 19,000MT Prior to the 2014 Shrimp moratorium Trap Fishery landings were 699MT; 3800MT for Trawl Fishery it would take a "Bumper Crop" this year to produce a Harvestable Northern Shrimp size by 2018 The @ASMFC_Fisheries met June 4 to discuss a 2015 Commercial Shrimp Fishing season; a decision is tba in the Fall CDN Shrimp Quota was cut in some areas by almost 20% which will keep prices up all season & higher than last year East Coast Shrimp is in Short Supply right now in the Gulf of St. Lawrence, Nova Scotia, Newfoundland the East Coast Shrimp Fishery has seen a Slow Start due to the Ice which stayed around longer than normal years 6% of the 111,063MT NAFO Shrimp Quota has been caught since the season opening in April @DFO_MPO Shrimp Prices are up $1/lb OR More and surprisingly EU & North American markets are accepting the Higher Prices EU Shrimp Buyers sat out of the market last year but seem to be jumping back in pretty strong now due to the... a Tax Free import for Europe for Canadian Shrimp will put a dent in the sales for Borealis Shrimp out of Norway current West Coast jordani Shrimp Prices FOB Vancouver are $3.89/lb and $3.49

---Thanks for joining me for the Tradex Foods "3-Minute Market Insight" This is Rob Reierson - “BUY SMART” and “EAT MORE SEAFOOD”

If you have a topic you'd like to hear on upcoming 3-Minute Market Insights, tweet us on Twitter @TradexFoods