Shrimp Tales: Gulf Shrimpers Petition US Shrimp Imports
Published:20 May 2015 01:05:39 PST
Over 80% of shrimp consumed in the United States is imported, a drastic change from just 20 years ago! Gulf shrimpers seek relief from foreign, subsidized shrimp imports by seeking the implementation of duties to offset the unfair trade advantage.
Petitions were filed with the federal government by the Coalition of Gulf Shrimp Industries December 28th, 2012, which seek duties imposed to shrimp from:
The petitions document numerous programs benefiting shrimp producers in these seven countries; Thai government purchasing domestic shrimp and processing it at artificially low prices, the Indian government helping to reduce shrimper processors' ocean freight costs with added subsidies specifically for exports to U.S. markets and the Malaysian government investing millions of dollars to build shrimp farms and processing facilities to target various export markets.
Based on PIERS data, approximately 204,360 MTONs of shrimp were imported from these seven countries during the first three quarters of 2012; with the top share among Thailand (32.48%), Ecuador (18.81%) and Indonesia (14.13%). The coalition maintains that the countries covered by the petitions exported $4.3 billion worth of shrimp to the U.S. in 2011, accounting for 85% of imports.
PIERS offers instant access to details on U.S. import shipments. Our international trade data combined with market specific intelligence can help provide a global picture of a commodity and the companies trading. Register online for a demo.