Area 6 off the coast of Newfoundland has seen consecutive years of quota cuts - between 2016 and 2017 the TAC was cut 63 percent, and between last year and this year the quota was reduced a further 16 percent.

Quotas for next year should be released by DFO next Spring.

--- We spoke to processors on the East Coast about the 2018/2019 season and it appears production has slowed for the remainder of the year and will pick back up next Spring.

There is limited product available so we anticipate prices to remain high.

As mentioned, the quotas have decreased substantially over the past two years so processors are not producing much cooked and peeled product.

The majority of output in this fishery heads to Europe, with limited stock sent to the USA.

Pricing on cold water Canadian shrimp is around $8.10/lb on 250-350 count and $8.50/lb on larger 125-175 count shrimp.

Although the East Coast shrimp is larger than what the West coast fishery has been producing, the high price point deems it an impossible substitute.

--- With the scarcity of 250-350 count shrimp in the West Coast Pandalus jordani fishery, 300-400 count shrimp is the newest grade in distribution.

Recent landings in the Jordani fishery have been bountiful and processors are seeing the shrimp growing larger and closer to predominately 300 count.

Pricing on 300-400 count Jordani shrimp is around $7.30/lb Canadian in Vancouver, which a bargain compared to shrimp that will squeeze into the 250-350ct grade and be less abundant.

There is another month left in the pink shrimp fishery, so inventories continue to grow and support contract business.

If you are not currently subscribed to our 3-Minute Market Insight, check out the links below to subscribe.

--- To wrap this episode up, our TradexLIVE offer of the week is for 4-6lb IQF Headed and Gutted Chum Salmon.

We have a full container load available of this semi-brite, MSC certified Chum at $2.25/lb FOB Seattle.

Contact Us Right Away using the Webchat feature in the Bottom Right Corner!!