Shrimpers plan to tie up boats over dropping prices

Not greedy, just trying to rely on market protectionism. Guessing they probably classify themselves as "conservatives" too.

Viets will still shrimp and will make money.

I have a buddy with 2 boats both just under 40' they are skimmer boats. He has a captain running 1 of them and he runs one himself. He is living very nice. It may be greed on their part but if the factories cant sell the shrimp they have in the freezer the price will drop. Nature of the business.

Sounds like a review of supply and demand principles are in order.

Supply goes up or remains steady while demand goes down, prices go down.

Demand remains steady while supply continuously exceeds demand or rises at a constant rate, price goes down.

Decrease supply to come back into equilibrium with demand, and you're back to par.

ETA:

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Viets will still shrimp and will make money.

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Yep. They most certainly will. All they will do is allow to their market share decrease. Stop supplying to bring prices back up, someone else will fill that void. Especially if they are working with lower COGS.

Shrimp prices for certain sizes have been sky rocketing

16-20's and 20-30's are getting ridiculous. If this shite keeps up, you will be able to get prawns 6-8(ez peels) for the same price as 16-20's(p&d's) (numbers are per pound)

part of it, was Indonesia/Bangladesh had viruses in their ponds, so the American Shrimpers were able to bend people over.

Same shite happened when the East Coast was only ones pulling oysters up, they shoved it up the consumers arse.

When the Salmon farms in Chile found a cold virus in their farm raised salmon, it was almost 2 years before they were back at full production. Companies who sold Norwegian,Canadien,Faroe,etc were bending over the customers. 2$+ a lb the shite went. There was no shortage, just no Chilean(atlantic) salmon, so companies shoved higher prices on their other salmon onto the consumer.

Prices this season have been artificially high. And now that they are returning to actual market prices these guys want to tie up? Well tie up for good.

They are taking a page out of the crawfishermens handbook. I fished a tourney 2 weeks ago out of Empire and the only times I've seen shrimp like that was in Oct when full moon coincided with a cold front. Every time I hit the trolling motor 5-10 would come out the water. They've enjoyed high prices all year, but going out and catching 1k lbs of 16-20s in a couple drags and still expecting 5.50/lb is crazy.

i'm siding with the fishermen

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The Louisiana Shrimp Association called the meeting after the price per pound dropped almost $2 in the last few weeks. Right now, fishermen can get around $1.80 per pound for smaller shrimp from processors. The Louisiana Shrimp Association says shrimpers were getting almost $3 for the same catch at the start of the season.

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Almost $3 to $1.80 not $2 a pound, its around a $1 a pound.