N.L. shrimp production shut down due to 'unprecedented' economic challenges

The Canadian Press ~ The News
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ST. JOHN'S, N.L. - Fish processors in Newfoundland and Labrador, one of the world's largest suppliers of cold water shrimp, have shut down shrimp production because of what they are calling ``unprecedented' economic challenges.

The Association of Seafood Producers, which represents 11 shrimp producers in the province, says a high Canadian dollar, high raw material prices and other market factors have combined to make their business not viable.

In a statement, the organization said processors won't be able to resume shrimp operations until the overall economic situation improves.

About 3,000 people are employed by the shrimp fishery in the province.

In 2007, the most recent year available, Newfoundland and Labrador produced nearly 26,000 tonnes of cold water shrimp.

Organizations: Association of Seafood Producers

Geographic location: Newfoundland and Labrador, ST. JOHN'S

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