Hurricane Ida may be a boon for Asian shrimp producers

  • Hurricane Ida has wiped out over 30% of the shrimp fleet in Louisiana where the shrimp industry is worth US$1.3bn

  • Potential shortage of supply may increase US imports of Asian shrimp as it did during the Gulf of Mexico spill in 2010

  • The development is positive for Asian seafood stocks; we urge investors to consider names like CPF and Thai Union
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