News Release

July 9, 2004

US Department of Commerce's Recent Decision on Shrimp Anti-Dumping against China and Vietnam.

Bayville, N.J. - On July 2^nd the US Department of Commerce made a preliminary decision on shrimp anti-dumping duties against China and Vietnam that was announced on July 6^th.

Urner Barry’s average white shrimp index for 1999 to 2001 compared to the most recent partial, three year period 2002 to 2004 illustrates the drop in white shrimp prices in recent years.

The Shell-on White Index is an indication of the average value for all counts of shrimp in relation to the weighted value of each size as a proportion of the total Black Tiger shell-on import breakdown as reported by the US, Dept. of Commerce. That is, 16-20 count shrimp may have a high value but imports of that size may only make up a small portion of the breakdown. Whereas 51-60 count shrimp with a lower price may be weighted higher than 16-20 count due to its greater breakdown of the total.

About Urner Barry Publications:

Urner Barry Publications, Inc. has been serving the food industry since 1858 as a business publisher specializing in timely, accurate, and unbiased reporting of market news to clients in the seafood, poultry, egg, meat and related segments of the food industry.

Quotations are established each trading day by a highly experienced market reporting staff.  Our reporters gather solicited and unsolicited information from buyers, sellers, and brokers throughout the day to ensure that we are kept current on trading levels as well as the market’s potential direction and movement.

Source: Urner Barry Publications, Inc.

CONTACTS: Paul Brown Jr. 
                   Urner Barry Publications, Inc.
                   732-240-5330
                   pbrownjr@urnerbarry.com