Asia Trade Deal Unites US Gulf & Vietnamese Shrimpers In Worry
September 17, 2015 | 1 min to read
Savun Sim looked dejected as a large plastic vacuum hose sucked 2,600 pounds of wild Gulf of Mexico shrimp from his trawler's ice hold.
With dock prices at their lowest since 2009, pressured by a flood of cheap imports from shrimp farms across Asia, Sim said he would barely cover the cost of fuel for his two-day voyage at the far reaches of the Mississippi Delta.
The Cambodian immigrant got 75 cents a pound for his mid-size shrimp – less than half last year's price – from the Ditcharo Seafood dock in Buras, Louisiana.
To read the rest of the story, please go to: Reuters