Why Louisiana s $1.3 Billion Shrimp Industry Could Go Extinct | Big Business | Business Insider

Louisiana catches about 70 million tons of shrimp, but it's not enough to meet America's surging demand. Cheap imports make up 90% of what the US consumes, and most of it is farmed in countries like India using controversial tactics. Dock prices in Louisiana have fallen to compete. It's left US shrimpers with a perfect storm of rock-bottom prices and sky-high fuel. Up and down the supply chain, companies worry this may be the last generation of Louisiana shrimpers. 00:00 - Intro 01:05 - How New Orleans shrimp po' boys are made 04:14 - How shrimp processors operate 08:11 - Why running a shrimp boat is so difficult 15:01 - The problems with US shrimp imports 24:55 - Credits MORE BIG BUSINESS VIDEOS: How The US' Biggest Garlic Producer Survived The Fall Of American Garlic | Big Business https://www.youtube.com/watch?v=V9YfnLGoJL8 How The World's Largest Cork Company Makes 22 Million Wine Stoppers A Day | Big Business https://www.youtube.com/watch?v=k_zBkqBTFtE How Brazil Dominates Sugar Production Without Burning Fields | Big Business | Business Insider https://www.youtube.com/watch?v=thXstqQcdQ4 ------------------------------------------------------ #shrimp #louisiana #businessinsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/insiderbusiness Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider Why Louisiana's $1.3 Billion Shrimp Industry Could Go Extinct | Big Business | Business Insider