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EP 735 | AIRED 04/07/2025
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.
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.
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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.
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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