Chilean salmon prices set to rebound after Thanksgiving

Published 2023년 10월 20일

Tridge summary

The price of Chilean salmon has dropped due to sluggish consumption, inflation, and rising costs in the seafood industry. Despite uncertainty, industry insiders predict that prices will rebound in December due to holiday demand and cyclical supply shortages. Chilean producers are also keeping an eye on Norwegian prices, as an increase could catalyze price increases in Chile.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent months, the price of Chilean salmon has fallen below the same period in 2021 and 2022, whether in the United States or other countries. The industry generally believes that, similar to other seafood industries, the salmon industry has also been affected by sluggish consumption, inflation, and costs. The widespread impact of the rise. ​ Glenn Cooke, CEO of Canadian producer Cooke Aquaculture, said: "We don't know when consumption will rebound. At least now we have not seen signals of market reversal. I believe the situation in Europe is much better than in North America." ​ Nonetheless, many industry insiders predict that Chilean salmon prices will begin to rebound in December with the arrival of Thanksgiving and Christmas, coupled with cyclical supply shortages. ​ At the just-concluded Conxemar show in Vigo, Spain, a Chilean business executive told UCN: "We have passed the trough in prices and expect a rebound at the end of the year. This sentiment reflects the ...
Source: Foodmate

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