Urner Barry, the leading provider of protein market news and information in the food industry, is excited to announce an expansion in its coverage of shrimp trading within the European market.
Information source: Urner Barry / media release
Adding to the existing European coverage of Coldwater (Pandalus Borealis) and Red Argentine (Pleoticus Muelleri) shrimp, Urner Barry has expanded coverage to include Vannamei (White) shrimp coming into Europe with a key focus on value-added imports from both South Asia and South East Asia as well as whole and headless items from Latin America. In addition, Urner Barry has also added Penaeus Monodon (Black Tiger shrimp) to the European shrimp complex.
Leading this initiative is Market Analyst Michael Nesbitt, who recently reported that shrimp trading is somewhat unsettled with a downturn in demand out of China impacting a wide range of items on the European market. However, while the ongoing pandemic has significantly impacted the European shrimp market, new trends are gradually offsetting negative consequences.
“With Covid-19 disrupting supply chains and global shrimp demand, we are pleased to bring our network of subscribers increased European pricing intelligence to help navigate these markets as we move through this period of uncertainty and beyond,” said Nesbitt.
Following a lengthy period of elevated uncertainty, increased deconfinement measures has seen the consumption of shrimp at the food service level increase, particularly across Southern Europe. However, demand remains below pre-pandemic levels with social distancing measures still in place and dampened consumer confidence.
To view the new items along with Urner Barry’s complete pricing coverage of the European seafood market, including exclusive commentary and analysis, subscribers should visit COMTELL.