shrimp disease in asia resulting in high u.s. import ...shrimp disease in asia resulting in high...
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Shrimp Disease in Asia Resulting in High U.S. Import
Prices: An Update
Kristen ReedIndustry Analyst
IPP/OPLC IPP Discussion Series
January 23, 2015
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“Shrimp is the fruit of the sea. You can barbecue it, boil it, broil it, bake it, sauté it. There’s shrimp-kabobs, shrimp Creole, shrimp gumbo. Pan fried, deep fried, stir-fried. There's pineapple shrimp, lemon shrimp, coconut shrimp, pepper shrimp, shrimp soup, shrimp stew, shrimp salad, shrimp and potatoes, shrimp burger, shrimp sandwich. “
- Bubba from Forrest Gump
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Fun Facts about Shrimp
There are 128+ species of shrimp
Pistol shrimp deliver an attack hotter than the surface of the sun and louder than a gunshot
Shrimp are born male and become female as they mature
May 9th is National Shrimp Day 3
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Wait! What?
One normal sized claw & one claw half the size of body
Claw snaps in defense or when hunting for food
Sound registers 218 decibels and temperatures reach over 4,000 degrees
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U.S. Consumption of Shrimp
U.S. Per-Capita Consumption by Species in PoundsSource: National Marine Fisheries Services
Shrimp
Salmon
Canned Tuna
Tilapia
Pollock
Pangasius
Cod
Catfish
Crab
Clams
Shrimp
Salmon
Canned Tuna5
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Import price index, fish & Shellfish
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Other Economic Indicators
Export price index for fish & shellfish not as affected
Consumer Price Index for Fish & Shellfish increased 6.0% year-over-year in January 2013
Restaurants and grocery stores hurt by higher prices
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The Story: Supply Declines
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
2008 2009 2010 2011 2012 2013
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U.S. Shrimp Imports, Volume by Selected Sources(1,000 pounds)
Thailand Vietnam China
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The Story: EMS
Early Mortality Syndrome (EMS) caused by bacterial disease, acute hepatopancreatic necrosis syndrome (AHPNS)
AHPNS destroys a shrimp’s liver and pancreas, organs crucial to digestion
Effects immature shrimp
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Why? The Nature of Shrimp Farming
80% of world’s shrimp production on small-scale open-air systems
Disease spreads quickly as shrimp eat and infect other shrimp
EMS first appeared in China (2009), then Vietnam (2010), Malaysia (2011), Thailand (2012), & Mexico (2013)
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Why? The Nature of Shrimp Farming
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The Emergence of India
India emerged as the #1 exporter of shrimp to the U.S.
Exports of shrimp to the U.S. were valued at $1billion
India is now the eighth largest exporter of food items to the U.S.
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Suggested Steps to Take
EMS-free broodstock
Improve farm practices
Employ a nursery phase
Improve farm infrastructure with biosecure intensive ponds
Identify feed additives that reduce the incidence of EMS
Integrated farm management 13
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Current Situation
Shifting from guessing what to do to implementing what works
Disease may never be completely removed
New shrimp diseases continue to emerge (Microsporidean parasite in China)
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Current Situation
Currently, production not where it was but better (Vietnam success story)
Total global production of shrimp was expected to reach 3.5 million tons in 2014
Hopefully reach pre-EMS output level of 4 million tons by 2016
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Import price index, fish & Shellfish
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Expectations for 2015
China:
Demand - Markets quiet during the holiday season
Supply - Production not improving much
India: Seasonal production shortage
Vietnam: 10-15% growth in output
Thailand: New viruses impacting supply
Ecuador: Supply strong. GSP+ tariffs will boost exports to EU
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