Shrimp prices set for Nfld. and Labrador, stockpiles and restaurant closures reducing shrimp demand in U.K.

A dollar a pound was not enough to lure the inshore shrimp fishing fleet in Newfoundland and Labrador to set their gear this spring. But most boats are hitting the water now, as the crucial summer shrimp fishing season opens. This week saw the price increase by 10 cents, to $1.10 a pound, for summer catches following a ruling by the province’s Fish Price Setting Panel. The U.K. and Europe are the main markets for shrimp exports from this province. >click to read< 13:54

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