EP 311 | AIRED 12/12/2016

The Sole Markets - Yellowfin Sole, Rock Sole Pricing and Supply

December 12, 2016 - Welcome to The Tradex Foods "3-Minute Market Insight" This is Robert Reierson and here is the seafood news for the week of December 12th, 2016.

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--- With the Rocksole with Roe fishery coming up in Alaska, it's a good time to start looking at the Sole Markets. Raw material pricing is $200 per metric tonne more than last year, ranging from $1500 to $1650 for Small to Large H&G Yellowfin Sole. Chinese processors forecast prices to continue to climb in the New Year, so it's possible that finished goods could strengthen by 10 cents per pound. Domestically, twice frozen IQF Yellowfin Sole Fillets on the East Coast have held steady over the past year, ranging from $2.30 - $2.35/lb. In Europe, Fillet pricing is firm at $2.30/lb CNF European Main Port - supply is good at the moment, but demand is reportedly sluggish. --- On the supply side, the National Marine Fisheries Service exchanged the Total Allowable Catch to decrease the Rock Sole quota and increase the Yellowfin Sole Quota. Species qutoas for 2016 were 57,000 metric tonnes for Rock sole and 144,000 metric tonnes for Yellowfin Sole. Rock Sole is targeted from January to March for the Female Rock Soles with Roe, a popular item for Japan. After the expensive Female Rock Sole with Roe are finished harvesting, boats will target Yellowfin Sole. The value of these species are the same for fishermen, so the quota exchange will have limited effect on docks prices. Current pricing on domestic Whole Round 10 - 12 inch IQF Rock Sole from the Gulf of Alaska approached $0.95/lb in Seattle last month. For single frozen fillets, 3-5oz Shatterpack rock sole from the Gulf of Alaska are $3.00/lb in Seattle as of last week. --- To wrap thing's up, Our TradexLIVE offer of the week is for Sinbad GOLD Pacific Cod Portions. These are Chem-Free, Skinless, Boneless, 2-3oz Portions and we have 20,000 lbs available in Chicago for $3.04/lb. Click or tap the icon above to view this offer. ----Thank you for joining me for the Tradex Foods "3-Minute Market Insight" This is Rob Reierson - “BUY SMART” and “EAT MORE SEAFOOD"

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