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
I love Shrimp in Garlic Butter sauce. I will pay for good shrimp any day.
Don't buy imported, farmed shrimp!
*In Darth Vader voice*
Are there any theories on what is causing the disease, or if the species will recover?
I don't buy seafood from Asia, anyway. 1 billion times the mercury than domestic seafood.
Y'all come on down to Texas or Louisiana for some serious Shrimps. They will do the Cha Cha while in the frying pan.
Eat BP brand shrimp? No thank you, oil belongs in my car, not my food.
You are an idiot. Can't wait 'til school starts up again.
If you're going to call someone an idiot, then don't type like one. Dinkus.
The apostrophe signifies the absence of a letter, English major.
I really hope that your weekend plans include some form of self harm.
'Cause dinkus is a word. See what I did there?
Get every new post delivered to your Inbox.
Join 8,148 other followers