January 30, 2017 — Every spring and summer when the low-oxygen dead zone forms off Louisiana’s coastline, the price of jumbo shrimp briefly spikes, affecting Gulf of Mexico fishers, consumers and seafood markets, according to a new study published Monday (Jan. 30) in the Proceedings of the National Academy of Sciences. And the price for smaller shrimp generally falls.
The positive effect of the price increase on jumbo shrimp for Gulf commercial shrimpers are fleeting, however. That’s because the rise often triggers increased imports of large shrimp from foreign producers, including farm-raised shrimp, which quickly drive down prices.