MENU

      Shrimp Prices Not So 'Shrimpy' As Disease Cuts Production

      23159054_BG1.jpg
      23159054_BG1.jpg

      Soon, shrimp scampi may carry a jumbo price tag.

      Shrimp prices have soared because of a disease that hit prawn producers in Thailand, China and Vietnam.

      White shrimp prices are up more than 50-percent from a year ago to nearly $6 a pound, according to an index measure.

      Analysts expect consumption to drop in 2013 from the four pounds of shrimp per person that the average American eats now, as another crustacean steps up to fill the void.

      Lobsters prices have dropped and the average lobster tail is at its lowest price in 11 years.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER