Wednesday, July 14, 2010

Add it to the Trade Deficit

As the Gulf Coast oil spill continues to gush, U.S. seafood suppliers are turning to Asia to ensure Americans have enough shrimp for their gumbos, Creoles and cocktails this summer, but some of those overseas cupboards are low themselves...

The price of plump black tiger shrimp is at a 10-year high in Vietnam, selling for around $13.50 per kilogram ($6.14 per pound), said Bui Dung, a manager at Minh Phu, Vietnam's biggest shrimp exporter in the southern Mekong delta province of Ca Mau...

"The demand, particularly from the U.S., is huge," Dung said. "We receive order requests from U.S. importers almost everyday...

Meanwhile, many Vietnamese-American shrimpmen are going bankrupt.

1'US raps on Asian shrimpers' doors after oil spill' - AP; Mason

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