Shrimp farmers in Asia exploited by U.S. supermarkets for big profits, research finds
CBSN
A new investigation focused on three of the world's largest producers of shrimp released on 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 this has meant unpaid and underpaid work through longer hours, wage insecurity as rates fluctuate, and many workers not even making low minimum wages.
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