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3-Minute Market Insight

EP 735 | AIRED 04/07/2025

2025 Pink Shrimp: Season Opens, Strong Harvest Outlook, Pricing Rebound, Market & Supply Distribution Uncertainty

April 7th, 2024 - The Pink Shrimp fishery in Oregon and Washington opened April 1st, and will see a season that will run until October 31st.

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The start of the season typically starts off slow, but will ramp up in May where landings will stay strong all the way through the end of summer.

Pandalus jordani is the species harvested in waters off the Pacific Northwest and has market names such as Ocean Pink Shrimp, Pacific Pink Shrimp, or West Coast Shrimp.

The lion's share of the harvest is from Oregon, then Washington, and although small quantities are harvested in British Columbia Canada, it is often mixed with other shrimp species.

Pink Shrimp Update

In speaking with fishery managers, they are optimistic on another high landing season, expecting a strong showing of age 2 shrimp from last year’s robust age 1 class, along with promising age 1 recruitment due to favorable environmental conditions. Oregon may also see a higher proportion of larger shrimp, however harvest outcomes will depend in part on fleet behavior and market dynamics.

Last year was a highly productive season with combined landings between Washington and Oregon reaching over 69 million pounds - the highest since 2015. Contrary to recent years showing higher landings resulting in a lower value, last year’s average ex-vessel price increased to around $0.55/lb - up from a record low of about $0.40/lb in 2023.

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Although it seems unlikely that ex-vessel prices will reach the $0.70/lb mark seen during the record 94 million-pound harvest in 2015, it’s hard to know where pricing will settle throughout the season due to ongoing market disruptions from Trump tariffs.

An interesting dynamic to pay close attention to this year will be how tariffs impact the movement of Pandalus borealis and Pandalus jordani. While borealis — also known as Northern or Coldwater shrimp — is larger, harvested in the North Atlantic, and sold raw or cooked with shell-on primarily to Europe, Asia, and North America, it isn’t a direct substitute for jordani. However, tariffs could significantly disrupt the market, as jordani is predominantly harvested in the U.S., whereas borealis comes from Canada - and other countries like Norway, Greenland, Iceland, and Russia. Another tariff affected dynamic to watch is how the movement of Gulf Shrimp will be affected as the U.S. is a large producer of this.

Pink Shrimp Update

Our recommendation is to secure the product you need as early as possible. Waiting too long may result in a lost opportunity to secure the product at all, and/or prices will have increased.

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