Brazil: With more expensive cod, tilapia should gain space on the table of Holy Week

Published 2021년 3월 26일

Tridge summary

Brazil's Holy Week sees tilapia becoming a favorite over cod and other foods due to its stability in price, which is higher than beef but lower than cod. The Brazilian Association of Fish Industries (Abipesca) expects a 10% growth in the trade of processed fish, attributed to new consumer habits and the quality of national production. The country, being the fourth largest tilapia producer in the world, is hopeful for the resumption of exports to the European Union, which have been halted since 2017 due to non-compliance issues. There is also optimism for growth in the tilapia sector in 2021, with an anticipated 20% increase, supported by the control of the pandemic in Asian and American regions and the reemergence of demand.

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

Original content

Tilapia will be the preference of Brazilians during Holy Week (Photo: Ernesto de Souza / Ed. Globo) In a different situation from several other foods, such as beef, which had strong increases, farmed fish are practically stable, similar to visas still at Christmas 2020. Exception made to imports, which are influenced by the rise in the dollar, say representatives of the sector. Given the situation, the expectation is that products traditionally most consumed at Easter time, such as cod, tend to lose space on the table for other options. "The prices of national fish in October, November and December 2020 remain practically stable for Easter 2021", says the president of the Brazilian Association of Fish Industries (Abipesca), Eduardo Lobo. Among the alternatives, tilapia, which represents 60% of aquaculture in Brazil, should be the protagonist at the Holy Week table of Brazilians. Price is the main factor according to industry figures. Fish ranges from R $ 35 to R $ 45 a kilo, while ...

Source: Agroinforme