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Shrimp Prices Seen Swinging During US Probe.
Byline: Phusadee Arunmas
Jan. 9--Farmers have been warned of shrimp price fluctuations in the coming months as US authorities pursue their investigation of claims that several countries including Thailand are dumping shrimp on the US market.
The current rise in shrimp prices in the US market would be brief since buyers have been rushing to import the product to enjoy the zero tariff.
Shrimp prices moved up by five cents from an average US$5.20 to $5.30 a pound after buyers learned that the US Southern Shrimp Alliance had filed an anti-dumping complaint, according to Panisuan Jamnarnwej, president of the Thai Frozen Foods Association.
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Source: HighBeam Research, Shrimp Prices Seen Swinging During US Probe.