March 12th, 2018 - In this week's episode we will discuss the wild Shrimp markets. The Pandalus Jordani fishery in Oregon runs from April 1st to October 31st annually, opening the market to predictions for the fishery's opening in 3 weeks.
--- Many buyers are looking to Pandalus Borealis, East Coast or "Northern" Shrimp, as a replacement to west coast Jordani Shrimp. Quotas for the Northern fishery regions near Baffin Island were set at 13,250 tonnes this season, running annually from January 1st to December 31st. Newfoundland and Labrador encompasses Areas 4 to 6 in the Borealis fishery and run from April 1st to March 31st annually.
Area 4's quota in Northern Labrador increased marginally to 15,725 tonnes this year whereas Area 5 decreased 14 percent to 22 thousand tonnes this season. The southern region of the fishery towards Newfoundland saw a quota reduction of 62 percent this year to 10.4 thousand tonnes for Area 6 and a closure this year for section 7. There are around 8 plants in Eastern Canada processing Borealis Shrimp, so quota reductions do not bode well for contract business. Pricing on cooked and peeled IQF atlantic Shrimp rose from $6.70/lb in Boston in December to around $7.10 per pound at the beginning of this month. We project strong pricing on the horizon as supply tightens.
Our TradexLIVE offer of the week is for 1-3lb SINBAD Platinum Sockeye Salmon Fillets. We have 2,200 lbs of Premium #1 Quality Sockeye Fillets in Seattle for $7.40/lb USD. All SINBAD Brand products undergo our "Industry Best" 7-Step Quality Control Process and come with a 100% Net Weight Guarantee.
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