January 15, 2018 - After back-to-back years of record harvests, Argentine Red shrimp is grabbing the attention of North Americian buyers. There is no quota system for Patagonian shrimp, catch limits were set in 1988 but have since been invalidated as the fishery has evolved.
--- Overall, prices on Argentine shirmp have been increasing, and the raw materials are begining to strengthen. Smaller sizes have been harder to source this season, especially the 21-25ct size. Currently, 21-25ct red shrimp is in the range of $5.10 - $5.15/lb for EZ Peel and $4.70 - $4.75/lb for HLSO. The shore frozen fishery for Argentine shrimp runs from November to May and most of the product imported into North America comes from this fishery. It is important to purchase from high quality producers who process the shrimp the same day they are caught. Whole shrimp is an attractive product for China, pricing on L2 product, which is 20-30 pieces per kg, is currently around $7.05 to $7.10/KG CFR China.
--- In North America, Argentine shrimp is growing in popularity but has far less market share than farmed white shrimp and wild pink shrimp caught on the West Coast. Pink shrimp is Ocean Wise recommended and MSC certified, same as Tiger shrimp farmed in Vietnam. The argentine red shrimp fishery is currently not Ocean Wise recommended, nor is it MSC certified. Both of these certifications would increase it's marketability in the North American market as sustainability metrics become increasingly more important for consumers.
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Rob Reierson, Kyla Ganton - Copyright © Tradex Foods Seafood News
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