The Winding Glass: High Interest Rates Create A Seafood Inflection Point
Stephen Stills in his song "For What It’s Worth": “Something is happening here and what it is ain’t exactly clear.”
That’s where we are today in the global seafood industry.
Some species have passed through price collapse, inventory adjustment, volume rebound into a new normal, such as crab and lobster. Other species are still in the thick of it like cod, pollock and sockeye salmon.
More and more I am convinced we are not going back to our idea of normal. What’s changed are interest rates and inflation...
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