Takeaways from AP’s report on how shrimp farmers are exploited as supermarkets push for low prices ...Middle East

BANGKOK (AP) — A new investigation focused on three of the world’s largest producers of shrimp released Monday claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people at the bottom end of the supply chain. The regional analysis of the industry in Vietnam, Indonesia and India, which provide about half the shrimp in the world’s top four markets — the United States, European Union, United Kingdom and Japan — is based on research done by an alliance of NGOs. It found a 20%-60% drop in earnings from pre-pandemic levels as producers struggle to meet pricing demands by cutting labor costs. In many places th

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Takeaways from AP’s report on how shrimp farmers are exploited as supermarkets push for low prices ...Middle East

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