Price of Shrimp Increased by 31.5 Per cent

The Standing Fish Price-Setting Panel sided with harvesters on June 21 when it agreed to a proposal from Newfoundland and Labrador shrimp fishermen to increase the minimum price to $1.25/pound, up from the original 2017 price of $.95/pound set in April. The bump amounts to a 31.5% increase and is the minimum price for all shrimp sizes landed this summer, which range from two grams and up. Processors, represented by the Association of Seafood Producers, had proposed a price of $1.04/pou...