ANALYSIS: Rising Freight and Fuel Costs Support Firmer US Frozen Tuna Market
The frozen tuna market has taken on a firmer undertone as rising freight and fuel costs continue to work into replacement values. Market participants have increasingly pointed to higher transportation costs as a factor behind firmer offers, particularly on product moving from Asia to the US East Coast. Ocean freight remains elevated and uneven, with carriers continuing to manage capacity through blank sailings, port omissions and tighter booking controls. At the same time, higher fuel costs continue to add expense throughout the supply chain, from fishing and processing through...
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