Unstable price of seafood due to COVID-19 epidemic
Published Jul 8, 2020
Tridge summary
Famous items such as Norwegian Atlantic salmon, Vietnamese shrimp, Atlantic cod or Japanese squid have been on sale since the outbreak. Even products bought for stockpiling seasons like skipjack tuna are on a downtrend. Here are some types of seafood that have witnessed many price fluctuations. Salmon The sudden closure of restaurants, cafes and hotels across Europe and North America has affected 30% of tuna production.
Original content
The disruption in the supply chain caused the price of Atlantic salmon in Norway to drop to nearly 3 Euros in the 2 weeks between March. Spot prices of intestinal trout have bottomed out at 4.46 Euro / kg at Oldo. , down 44% from the price of 8.02 Euro / kg in January this year, although the price has increased slightly. Prices rebounded along with the recovery of retail sales. Norwegian salmon companies are shifting from the US market to Europe. China is also starting to buy large salmon. Tuna industry has not completely recovered. The harvest in Norway will begin next summer. However, Norway's Sparebank 1 Markets last April forecast that salmon prices would not return to what they were before the pandemic. In Chile, the price of D-trim salmon fillet exported to the US and salmon intestines, originally exported to Brazil, is plummeting. In the 21st week of 2020, the price of FOB Chile D-trim fillet salmon has decreased by 0.14 USD to 3.62 USD / pound. In Brazil, FOB price of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.