Young’s launches new policy on warm water shrimp aquaculture – Fishupdate.com

Young’s launches new policy on warm water shrimp aquaculture Published:  10 October, 2005

WITH sales of warm water shrimp currently growing at around 60% year on year*, the UK’s leading seafood company, Young’s, has issued a new policy designed to guide best practice in sourcing warm water shrimp from suppliers around the world.

In the past year, Young’s has doubled the volume of tropical warm water shrimps it buys from suppliers in countries such as Vietnam and Columbia. The company says it is is keen to emphasise the need for vigilance by western buyers, particularly in light of the social and environmental problems which can be created by unregulated warm water shrimp aquaculture.

Steve Lamming (Technical Controller, Purchasing) of Young’s says, “With ever increasing market pressure for warm water shrimp, we have to be rigorous in the standards we require of suppliers. Our policy clarifies these – and we hope by that by publicising it we can help to increase the industry emphasis on best practice.”

Mike Parker, deputy chief executive of Young’s, says, “The huge growth in demand for warm water shrimp is both an opportunity and a threat to producer countries in the southern hemisphere. To help the emphasis on sustainable development, we all have a responsibility to make it clear that only those shrimp farmers using best practice will be able to trade successfully with western seafood buyers.”

An executive summary of the Young’s policy on Warm Water Shrimp is available through the company’s website at www.youngsbluecrest.com.

*Source TNS

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