Posted 1/19/2024, 1:05:13 AM
South Carolina's Shrimpers Struggle to Stay Afloat Amid Cheap Foreign Imports
- U.S. shrimpers struggling to compete with cheap foreign imports that are flooding the domestic market
- Imports often from Asian pond farms and subsidized by foreign governments
- Forced many of South Carolina's 300 shrimpers to scale back operations
- Shrimp prices down over 40% this year to $3.39 per pound, barely covering costs
- U.S. shrimpers want tariffs imposed on shrimp imports from major exporting countries