Chilean salmon prices continue to fall, global market under pressure

Published 2024년 6월 12일

Tridge summary

The price of fresh whole Chilean Atlantic salmon in China has dropped to $12.00 per kg, a significant decrease from the previous year, posing a challenge for Chilean producers as China is a key export market. In the US, the average wholesale price of Atlantic salmon trimmed D fillets in Miami FOB prices has also decreased to $6.14 per pound, with prices being lower than the previous year but approaching 2023 levels. Brazil's wholesale price of fresh Atlantic salmon in Puerto Montt also fell to $7.34 per kilogram, marking a decline for the eighth consecutive week and reaching prices lower than the same period in 2021, 2022, and 2023. These price declines are attributed to weak global market demand and unstable supply chains, with Chilean salmon producers facing challenges such as increased logistics costs, competition, and the need to adjust production strategies and marketing efforts to remain competitive.

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

Original content

China In the Chinese market, the price of fresh whole Chilean Atlantic salmon larger than 6 kg (CIF) fell to $12.00 per kg in week 22. This price is significantly lower than the same period last year, almost $3 per kg lower. This price drop is a huge challenge for Chilean salmon producers, as the Chinese market has always been one of their important export destinations. United States In the US market, the average wholesale price of Atlantic salmon trimmed D fillets in Miami Free Board (FOB) prices fell to $6.14 per pound in week 24, down $0.05 from the previous week. Compared with the same period last year, the price in 2024 has been lower than the level in 2022, but is now close to the level in 2023. D fillets account for about 72% of Chile's fresh fillets supplied to the U.S. market. Brazil The wholesale price of fresh Atlantic salmon with a head size of 10-12 in Puerto Montt, Chile, fell to $7.34 per kilogram in week 22, down $0.43 from the previous week. This price has fallen ...

Source: Foodmate