Hurricane Ida may be a boon for Asian shrimp producers
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Hurricane Ida has wiped out over 30% of the shrimp fleet in Louisiana where the shrimp industry is worth US$1.3bn
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Potential shortage of supply may increase US imports of Asian shrimp as it did during the Gulf of Mexico spill in 2010
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The development is positive for Asian seafood stocks; we urge investors to consider names like CPF and Thai Union
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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