NaturalShrimp signs PLs purchase agreement
The company entered into an agreement with Homegrown Shrimp USA for the delivery of up to 2,000,000 PLs per month for a term of twelve months.
NaturalShrimp has, through its wholly-owned subsidiary, NaturalShrimp USA Corporation, entered into a year-long agreement with Homegrown Shrimp USA for the purchase of post-larvae shrimp for stocking in the company’s Webster City, Iowa and La Coste, Texas facilities. The agreement provides for the delivery of up to 2,000,000 PLs per month for a term of twelve months.
“We are very pleased to finalize our agreement with Homegrown that we consider being the premier supplier of quality fast-growing PLs in the Country,” said Gerald Easterling, CEO of NaturalShrimp. “Without the PLs, there are no shrimp to grow or sell. This agreement will solve one of the supply-chain issues we encountered previously where the lack of PLs significantly impacted our ability to produce the quantities of NaturalShrimp that our customers demand.”
In conjunction with Homegrown and industry specialists, the company intends to develop its own hatchery using broodstock incorporating Homegrown’s genetic line in order to secure the company’s own readily available supply of fast-growing, high-quality PLs.