ANALYSIS: Tilapia and Pangasius Under Downwards Pressure
As the second quarter of the year ends, tilapia and pangasius frozen fillets are both seeing downwards pricing pressure leading into the summer. While discounts on pangasius have steadily continued since the end of the first quarter due to backorders finally catching up, combined with consumer pushback to record premiums in the wake of inflation, tilapia remained firm with an active demand until recent.
Contributing to the discounts within the tilapia market includes ocean freight relaxing, the USD gaining strength against the RMB...
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