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Importers in Shrimp Price War

July 24, 1973
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Shrimp, an edible most Israelis have never tasted because of the kashrut laws, is now being hotly sought here by Italian and French importers. A French importer has recently offered $5 per kilo for any amount that Israeli fishermen can supply. Israel has been selling the shrimp yield to an Italian importer for $3.50 per kilo. Thirty tons of shrimp were sold in 1972 and the same amount has already been shipped in the first half of this year.

The Italian importer hearing of the French offer has arrived in Israel this weekend to negotiate higher prices for the shrimp. Dov Schmiede, the Fishermen’s Union secretary, said in Haifa that Israel expects to net $300,000 this year from shrimps caught off El Arish in the northern Sinal Five Israeli trawlers have now gone exclusively into shrimp fishing.

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