MARKET REPORT | BUYING TIPS | HEALTH / NUTRITION
Market Report Updated August 2014
It was the best of times. It was the worst of times. It all depends what coast you’re on.
On the West Coast, shrimpers were reporting near record hauls and record prices for Pandalus jordani. As of mid August, shrimpers off Washington, Oregon and California had landed almost 25,000 metric tons of shrimp with an average ex-vessel value of $.52/lb. Last year, West Coast shrimpers landed almost 32,000 metric tons when the fishery closed at the end of October. The average dock price was $.48/lb.
So with 2 ½ months still to go in the fishery, West Coast landings could approach the all time record of almost 36,000 metric tons by the end of the season. Meanwhile, there is little doubt that the fishery will set an all time record for value.
On the East Coast it’s a whole different story. There was no season this winter off New England as stocks are “the lowest on record,” say biologists. In a good year, that fishery will yield landings of about 5,000 metric tons.
North of the border, the Canadian Atlantic fishery for Pandalus borealis is mired in controversy after quotas were sharply cut again this spring. The largest fishery off Newfoundland and Labrador saw its quota slashed another 11% to 111,000 metric tons. But what really riled the fleet was the fact that the inshore fleet had to absorb a cut of 10,000 metric tons while the quota for the offshore fleet, which freezes on board, was only cut 1,000 metric tons. Since the inshore fleet means jobs in processing plants, there was the predictable outcry from provincial politicians. Fisheries managers, though, say that back in 1997, when new licenses were issued to the inshore fleet, they agreed that should quotas be cut, the newest boats would have their quotas cut first.
Canadian landings have declined since 2007, when almost 190,000 metric tons were caught. This year, production should drop to about 130,000 metric tons.
Given the drop in production from Canada, the largest producer of coldwater shrimp in the world, and lower production from Greenland and Norway, prices have spiked. The average wholesale cost of 250/350 count coldwater shrimp has jumped about $1/lb. since the start of the year to about $5/lb. Although the situation was still confused in mid August, Russia’s ban on seafood imports from Norway and Canada could lead to some price softening later this summer and fall if Norwegian and Canadian exporters cannot find alternative markets.
Buying Tips
size-taste-texture
- Count ranges from 125-250 #
- Moderate in taste
- Soft in firmness
seasonality
- Atlantic: December - May
- Pacific: April - October
sourcing
Northern shrimp is available fresh and frozen as meat as well as cooked and peeled in the 100/300 size grades. A large supply of small shrimp that is cooked and peeled is available throughout the year. Larger coldwater shrimp have a better, sweeter flavor than smaller sizes and are worth the additional cost, according to some buyers. Coldwater shrimp meat is increasingly being sold fresh and most fresh meat is ungraded. The industry average is a 5% glaze, and those that are frozen, cooked and peeled meats always have a glaze.
Buyer Beware: Additives such as tripolyphosphates commonly used by most processors to make cooked and peeled meat have a tendency to take away natural flavor.
fresh & frozen products
- Fresh: Seasonal; cooked & peeled
- Frozen: Year-round; cooked & peeled
substitution options
North shrimp may be used as a substitute for farmed shrimp.
Health & Nutrition

food safety:
There are no food safety or contaminant concerns with Pink salmon.