With shrimp season set to close, prices jump 50%

With shrimp season set to close, prices jump 50%
Updated 28 January 2013

With shrimp season set to close, prices jump 50%

With shrimp season set to close, prices jump 50%

With increased demand during spring break, the price of shrimps in the Eastern Province has rocketed 50 percent.
Consumers and restaurants alike sought to store as much quantity of the crustaceans as possible as the shrimp season ends by Jan. 31.
“The price of fish spiked to more than 30 percent of the original price before this spring break. A shipment of 30 to 32 kilos of shrimp increased in value to SR 3,000,” said Jafar Al-Safwani, member of the agricultural committee of the Eastern Province Chamber of Commerce and Industry (EPCCI).
He explained that the last days of the shrimp season, pushed consumers and fishermen to grab the chance of acquiring more of the commodity.
“We expect prices to go back to their usual levels when the season ends, and fishermen assume their fishing practices. Stormy weather may prompt prices to spike again though,” he said.