Shrimp
Price movements
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Latin America - HLSO, Farm Raised, White, 21-25 Count
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Latin America - HLSO, Farm Raised, White, 41-50 Count
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Asia - HLSO, Farm Raised, White, 21-25 Count
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Asia - Farm Raised, Raw P&D, Tail-On, White, 16-20..
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Asia - Farm Raised, Raw P&D, Tail-Off, White, 16-20 Count
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US Monthly Shrimp Market Insights:
- Shrimp retail feature activity collapsed to just 101.1k buying opportunities through the first eleven weeks of 2026 - the lowest level recorded since the series began in 2012 and a sharp drop from 127.2k in the same period last year.
- Average feature prices surged to $8.53/lb, a five-year high, as import-level cost inflation has passed through to retail shelves with little absorption.
- The combination of record-low promotional depth and record-high feature prices signals that retailers are prioritizing margin preservation over volume-driving activity — a posture that limits demand stimulation precisely when supplyside costs are most elevated.
- Total retail shrimp dollar sales through the first nine weeks of 2026 edged up modestly — frozen +3.0% and fresh +1.8% — but the gains are price-driven rather than volumedriven, with the average retail $/lb reaching $9.65, the highest in the dataset.
- The seasonal price chart reinforces this: 2026 is tracking at the highest retail price level in five years, starting in the very first week of the year, a trajectory with no historical precedent in this series.
- Underlying unit demand remains subdued, and the risk of consumer price resistance intensifying as the year progresses is real — particularly for frozen formats where substitution with other
Shrimp
Price forecast
UB Shrimp, HLSO, Farm Raised, Asian, White, 21-25 Count EBP
- Tariffs had a considerable impact on Shrimp prices in 2025, particularly on product from Asia, where higher rates were previously applied, including 50% on India. Towards the end of 2025, we saw some of the price increases erased, amid weak seasonal demand, and that has continued into the new year.
- That weakness has continued throughout Q1, and we could still see some further declines in the near term. The regression has been falling since May 2025, exerting downward pressure and supporting the current price decline.
- From a technical perspective, Asian HLSO 21-25 count is in a short-term downtrend, but a bullish divergence may signal that downward pressure is subsiding.
UB Shrimp, HLSO, Farm Raised, Latin America, White, 41-50 Count EBP
- More favourable tariff rates led to more modest price increases on Latin American shrimp compared with product from Asia last year.
- That said, we still saw a seasonal decline towards the end of 2025, and that price softness has continued in Q1. Most of the short-term decline has likely already occurred, though.
- Technical analysis indicates that the HLSO Latin America 41-50 count is in a short-term downtrend, but a bullish divergence may be forming, potentially signalling waning near-term downward pressure.
UB Shrimp, Farm Raised, Asian, Raw P&D, Tail-On, White, 16-20 Count EBP
- P&D Shrimp from Asia experienced a sharper price increase in 2025 compared with HLSO due to the inability of importers to easily pivot from higher-tariff nations. As a result, seasonal price weakness was more subdued, prior to the recent tariff changes, after which further declines have been seen.
- We could see further weakness in the short term, although price declines are expected to be relatively small, which is supported by our fundamental regression model.
- From a technical perspective, Asian P&D 16-20 count is now in a short-term Downtrend, but a bullish divergence is forming which may point to some upward pressure building going into early Q2.
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