New Year, Same Story: Low Volumes, Lower Prices

Last week, NOAA released shrimp landings data from the Gulf of Mexico for the first month of 2016.
In total, 3.3 million pounds of shrimp were landed in the Gulf last month, roughly the same volume that was landed in January 2015 and 23.0% below the previous fourteen-year historical average for January landings (4.2 million pounds).
January accounts for only a small portion of annual Gulf shrimp landings (generally between 3% and 5%).  But the continuing story of smaller volumes of landed shrimp is occurring in the context of ex-vessel prices that have remained low and are not recovering.  Ex-vessel prices for 41-50 count shrimp and 26-30 count shrimp were reported to be $1.40 per pound and $2.97 per pound, respectively, in the Western Gulf last month.  For both count sizes, these are the lowest ex-vessel prices reported for any January since 2010.
Please click the following link to view SSA’s compilation and summary of January 2002-2016 Shrimp Landings and Ex-Vessel Prices for January 2001-2016: https://www.shrimpalliance.com/wp-content/uploads/2016/02/January-2016-Landings.pdf

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