ANALYSIS: Pangasius and Tilapia Prices Converge
Recently, standard moisture frozen pangasius fillets and moisture-added frozen tilapia fillets have overlapped in price. While the pangasius market has plummeted after record high prices in 2018, which stemmed from the switch in government regulation from the FDA to the USDA, the tilapia market gradually retreated as demand fell once prices peaked in 2014 and has remained rather flat ever since.
Currently, both markets are at pivotal points. In the tilapia market, sales have been slow...
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