Fresh tilapia demand declines in U.S., frozen fillet market remains stable

Published Nov 12, 2024

Tridge summary

The article explains the dynamics of the tilapia market in the Americas, highlighting declines in Colombian exports and a slight decrease in Brazil's production, which were partially balanced by an increase in Honduras' output only to later decline. The market faced additional challenges with Rainforest, Costa Rica's main tilapia exporter, losing market share due to an FDA import warning, causing prices for fresh tilapia fillets to drop below $4 per pound in October. Despite these setbacks, the demand for frozen tilapia fillets remained robust, and exports from China and Indonesia helped mitigate the price downturn.

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

Original content

Contributing factors included continued declines in Colombian exports, a slight drop in Brazil after a strong start, and a rise in Honduras followed by a decline. Additionally, the loss of market share by Costa Rica’s main tilapia exporter, Rainforest, due to an FDA import warning further impacted the market. As a result, prices fell, with fresh tilapia fillets FOB Miami falling below $4 per pound by the ...

Source: Fishretail