ANALYSIS: US Shrimp Replacement Costs Normalize as Import Costs Rise

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Expana's peeled replacement cost model, which uses declared value on new entries, is depletion-weighted and includes applicable duties for India, Indonesia and Ecuador, and stands at $3.77. The UB Peeled index is at $4.57. The relationship between the two series is 7.0%, down from 9.1% in August and slightly above the historically typical 5% to 6% range.

The relationship had been negative through late 2025 and reached a low near -9.4% in March, when replacement cost peaked at $4.79 and wholesale prices had already begun...

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ANALYSIS: US Shrimp Replacement Costs Normalize as Import Costs Rise

The relationship had been negative through late 2025 and reached a low near -9.4% in March, when replacement cost peaked at $4.79 and wholesale prices had already begun...

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