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January 16, 2015

United States

Massachusetts—John Sackton—Shrimp Sales Over the Holidays

 

Early reports of retail shrimp sales in the United States during the holiday season were not great.

 

Some distributors reported significant declines in retail sales of 20% to 30% or more, while others suggested that sales only dropped slightly.

 

Retail data from Urner Barry, which reports market data on poultry, meat and seafood, indicated that raw headless shrimp sales may have had a significant downturn.

 

All reports of retail behavior suggest that consumers continue to be very price sensitive.  Higher prices result in fewer purchases.

 

Anecdotal reports indicate that cold storage facilities are stuffed full of product.

 

With Lent beginning on February 18, 2015, it will be important to see whether the promotional prices for shrimp at retail begin to come down.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Retail Shrimp Volumes Appear to Have Fallen in December, as Prices Are up Over Last Year.  John Sackton.  January 15, 2015.

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