EP 535 | AIRED 04/26/2021
April 26th, 2021 --- This week we provide an update on the Coldwater Pink Shrimp Fishery as the Oregon Department of Fish and Wildlife is forecasting for up to a 38 million pound season all while uncertainty looms from a pandemic-related inventory surplus.
--- Based on environmental and sampling data, fishery managers are forecasting that between 33 to 38 million pounds of Oregon Pink Shrimp will be harvested this season which runs from April to October every year.
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In an excerpt from seafoodnews.com, "Nowak said it has been difficult for a volume fishery like Oregon’s pink shrimp to make headway selling two-pound boxes to domestic consumers, and said shrimp has faced tough competition as other proteins also attempted to pivot to retail amidst the pandemic."
The industry did manage to sell a lot into the wholesale retail sector however it was a challenge for some companies to make the switch to the retail landscape all while competing with the influx of other categories that had to pivot from foodservice to retail.
This may all sound troubling, however With retail innovations in the pipeline (such as a single-serving, frozen pink shrimp cups), and foodservice poised to make a return this year, we remain extremely optimistic that it will be a successful year for the Coldwater Shrimp market in 2021.
We welcome all retailers to connect with us if you are interested in developing a Shrimp program for this MSC Certified Sustainable Oregon Pink Shrimp fishery.
Not only are we market experts at Tradex, but we are also experts at custom packaging and marketing of seafood products.
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