Tilapia prices in Brazil are under pressure from high supply and weak demand

Published 2024년 9월 11일

Tridge summary

Tilapia prices in Brazil continued their downward trend in August, with the decrease being less severe than the previous two months, according to Cepea. This price drop is attributed to an oversupply of fish and a decline in demand. Furthermore, the volume of Brazilian tilapia exports in August fell, breaking a growth trend that had been ongoing since March. The Secretariat of Foreign Trade (Secex) data shows that the exports totaled 1.3 thousand tons, which is 29.1% lower than July and just 2% higher than the same month the previous year.

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

Original content

In August, tilapia prices continued to fall in all regions monitored by Cepea, although the reduction was less pronounced compared to the previous two months. According to Cepea researchers, this pressure on prices is the result of an abundant supply of fish combined with weakened demand, a different situation from that observed in 2023. As for Brazilian tilapia exports, which include fillets and secondary products, there was a decrease in the volume shipped in August. This decline interrupted the growth trend that had been recorded since March. Data from the ...

Source: Portal Do Agronegocio