ANALYSIS: The Rise of Pangasius, Again
U.S. wholesale prices for striped pangasius frozen fillets imported from Vietnam continues to trend higher, reversing the downhill trend seen within the market since 2018. The initial market rise was largely due to a regulation shift in September of 2017 from the FDA to the USDA resulting in rising raw material and administrative costs, and lengthy delays from new and in-depth inspection processes resulting in record high wholesale and replacement prices. This time around the market is facing new challenges.
Supply in the U.S. is...
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