Prices of world’s main commercial seafood species tumble amid coronavirus

Published 2020년 6월 3일

Tridge summary

The coronavirus pandemic is causing a mixed effect on the seafood industry, with consumers enjoying lower prices for popular seafood items such as Norwegian Atlantic salmon, Vietnamese farmed shrimp, and Atlantic cod, while producers are experiencing pain. The sudden closure of restaurants, cafes, and hotels has disrupted the market, leading to a decrease in prices for farmed salmon and shrimp. However, prices have since rebounded as retail sales surge and Norwegian salmon companies leave more fish in the water. Despite the rebound, it is unlikely that prices will return to pre-pandemic levels before 2021. Additionally, prices for other species such as tuna, cod, haddock, and squid have also been affected.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Seafood lovers are enjoying lower prices for the most popular seafood items as the coronavirus crisis upends global markets -- producers, however, are in a world of pain. Prices portal Track seafood commodity price trends Explore, Be it Norwegian Atlantic salmon, Vietnamese farmed shrimp, Atlantic cod or Japanese flying squid, seafood favorites cost less than they did before coronavirus upended daily life., Even prices of skipjack tuna, the panic buyers' seafood protein of choice, are down and still falling, according to Undercurrent News' industry sources., Below, Undercurrent highlights the biggest movers, from the prices section of our new data page., The sudden closure of restaurants, cafes and hotels across Europe and North America affected 30% of all farmed salmon produced -- the proportion estimated to be sold through the channel., Disruption to logistics -- such as US president Donald Trump's travel ban from Europe that impacted air freight capacity -- saw prices of ...

Source: Undercurrent News