Shem Creek, South Carolina — Off South Carolina’s coast, shrimper Rocky Magwood has a jumbo problem: plummeting prices for his catch.
“It’s worse right now than we’ve ever seen,” Magwood told CBS News. “…I mean, people are dropping like flies out of this business.”
The cause is cheap shrimp imported from Asia, grown in pond farms and often subsidized by foreign governments. It’s idled many of this state’s roughly 300 shrimpers.
https://www.cbsnews.com/news/u-s-shrimpers-struggle-cheap-foreign-imports-flood-domestic-market/
