ANALYSIS: Frozen Tuna Imports, Price Ease Amid Diminished Demand
In recent months, the frozen tuna market has been characterized by sluggish and slow sales. Following the normalization of lead times post-COVID, inventories surged as economic uncertainty affected the market, resulting in a decline in sales. Importers have been adjusting their large inventories due to reduced demand, often offering discounts to encourage product movement. This situation has negatively impacted importers, who face limited storage space, difficulties turning over product and increasing costs associated with cold storage.
Unfortunately, frozen tuna and other frozen seafood items have also experienced low demand, leading...
To Read Full Story Login Below.