Mass shrimp deaths mean jumbo prices
August 16th, 2013
01:30 PM ET
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Shrimp prices are skyrocketing to all-time highs, amid a disease that's plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.

Interestingly though, the Cadillac of crustaceans is cheaper than it's been in a long time. Lobster prices, while still a lot higher than shrimp, have fallen recently. But more about that later.

The world is facing an "acute shrimp shortage," the worst of its kind since industrial shrimp farming emerged, say Rabobank analysts in a report aptly named "Shrimp in a crimp."

Thailand is the world's largest shrimp producer and has been hit hardest by the disease. The country alone supplies about 30% of the tropical shrimp in the United States and the European Union, and is expected to see its supply cut in half this year.

Read - Shrimp shortage leads to record high prices



soundoff (13 Responses)
  1. Personal Fitness Coach

    I love Shrimp in Garlic Butter sauce. I will pay for good shrimp any day.

    January 29, 2014 at 5:08 pm | Reply
  2. southbyse

    Don't buy imported, farmed shrimp!

    August 18, 2013 at 12:55 pm | Reply
  3. Edwin

    *In Darth Vader voice*

    NOOOOOOOOOOOOOOOOOOOOOO!

    August 16, 2013 at 2:49 pm | Reply
  4. Truth™

    Are there any theories on what is causing the disease, or if the species will recover?

    August 16, 2013 at 2:25 pm | Reply
  5. Jdizzle McHammerpants ♫♫

    I don't buy seafood from Asia, anyway. 1 billion times the mercury than domestic seafood.

    August 16, 2013 at 1:50 pm | Reply
    • RichardHead

      Y'all come on down to Texas or Louisiana for some serious Shrimps. They will do the Cha Cha while in the frying pan.

      August 16, 2013 at 2:08 pm | Reply
      • JohnnyBoy

        Eat BP brand shrimp? No thank you, oil belongs in my car, not my food.

        August 16, 2013 at 2:41 pm | Reply
        • AleeD®@on the john

          You are an idiot. Can't wait 'til school starts up again.

          August 16, 2013 at 3:01 pm |
        • JohnnyBoy

          *until

          If you're going to call someone an idiot, then don't type like one. Dinkus.

          August 16, 2013 at 3:42 pm |
        • Jdizzle McHammerpants ♫♫

          The apostrophe signifies the absence of a letter, English major.

          August 16, 2013 at 4:06 pm |
        • Truth™@John

          I really hope that your weekend plans include some form of self harm.

          August 16, 2013 at 4:43 pm |
        • RC

          'Cause dinkus is a word. See what I did there?

          August 16, 2013 at 5:41 pm |

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