ANALYSIS: Tilapia Market Rallies Ahead of the New Year
The tilapia market continues to experience upwards pricing pressure the week before the Christmas holiday, inching towards the year’s end and ahead of Chinese New Year in the first quarter of 2024.
A few months ago, imported frozen tilapia fillets from China saw price discounts as inflation affected consumer spending in the U.S., resulting in lower demand and higher inventory levels. During this time, the industry saw reduced procurement activity from China, putting more inventory into the global market. However, the market situation has recently changed...
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