Tilapia is becoming more expensive on the world market

Published 2023년 10월 13일

Tridge summary

In the first quarter of 2023, import prices for frozen and fresh fillets in the United States decreased by 9% compared to the previous quarter, but increased by 10% compared to the same period last year. In Brazil, the average price of whole tilapia fillets was US$6.45 per kg, while frozen whole tilapia was priced at US$2.08 per kg. The production of tilapia is expected to increase in 2023 due to lower feed prices and logistics costs, with Asian countries and China dominating the trade, while producers in Latin America, Africa, and South Asia continue to increase production.

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

Original content

Import prices for frozen and fresh fillets for the United States in the first quarter of 2023 decreased by 9 percent compared to the fourth quarter of 2022, but increased by 10 percent compared to the same period last year. In Latin American markets, the average price of whole tilapia fillets in Brazil in the first quarter of 2023 was US$6.45 per kg, and frozen whole tilapia was US$2.08 per kg. Tilapia production will increase in 2023, supported by lower feed prices and logistics costs. Asian countries are expected to maintain stable export levels, with China continuing to dominate trade. Producers ...

Source: Fishretail