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3-Minute Market Insight

EP 462 | AIRED 11/04/2019

2019 Oregon Pink Shrimp Market Update

November 4th, 2019--- The 2019 Oregon Pink Shrimp Fishery came to a close last week with preliminary landing totals at around 27 million pounds which is below the 20 year average of 31 million pounds. This year's harvest is 15 percent less than 2018's 35 million pounds and almost half as much as the 53 million lbs in 2015.

2019 Alaska Salmon Commercial Harvest Counter

(Harvest in thousands of fish)

Chinook
280
Chum
18,808
Coho
3,755
Pink
125,925
Sockeye
55,434
Total
204,202

Updated: Nov 4th 2019, 8:30am (View Previous Weeks Totals)

The 2019 Oregon Pink Shrimp Fishery came to a close last week with preliminary landing totals at around 27 million pounds which is below the 20 year average of 31 million pounds.

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This year's harvest is 15 percent less than 2018's 35 million pounds and almost half as much as the 53 million lbs in 2015.

The Oregon Department of Fish and Wildlife still needs to analyze their data but suggested that next year's harvest shouldn't see much of an increase.

ODFW confirmed that El Nino was a contributing factor this season as warm waters are always less favorable for shrimp recruitment into this stock.

West coast Shrimp processors advised that majority of Shrimp were around 175/250 and 250/350 count this year, which is much bigger than in previous few years.

Ex-vessel pricing is consistent with the last 5 years at around 74 cents per pound, with the value of this year's fishery nearing 20 million USD.

This Weeks Sponsored Message:

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If you're looking for Shrimpmeat, we have our SINBAD Platinum West Coast Cooked and Peeled Shrimpmeat currently offered out at $5.75/lb for 250/350 count and $6.25/lb for 175/250 USD FOB Seattle.

This time last year, 300/400 count Shrimpmeat were in the mid-$5 range and 250/350 count were hovering around $6.85/lb USD FOB Seattle.

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As the supply of smaller sized Shrimp are limited, pricing is more expensive than last year and are expected to rise even further.

2019 was an exciting year for the Oregon Pink Shrimp Fishery, as they recieved a Section 6 Grant to assist the west coast Shrimp trawl fleet in the conservation of eulachon smelt.

The smelt have been identified as threatened under the ESA and conservation needs are elevated.

The grant was put to great use and their work was very successful.

Every active boat on the US west coast received a case of lights to reduce the eulachon bycatch from entering their nets, and lots of good fish identification materials.

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