Chilean Fresh Salmon Fillet Prices Drop in the United States Market During W40

In W40, the average prices for Chilean fresh salmon fillets in the United States (US) market decreased by 3.2% for 2/3 lbs and 4.0% for 3/4 lbs compared to W39. Prices at the end of the week ranged from USD 5.25 to 5.40/lb for 2/3 lbs and USD 5.35 to 5.50/lb for 3/4 lbs, all prices Free on Board (FOB) Miami. The US market is experiencing a weak demand for fresh salmon fillets from Chile, leading to declining prices. Despite this, the supply remains adequate. Some market participants have noted the possibility of product disruptions in the upcoming week due to a Chilean holiday earlier in the week but this is expected to have minimal impact on supply operations moving forward.