February 5th, 2018 - In this week's episode we will analyze center of the plate protein costs. The National Fisheries Institute published a report outlining American consumption habits for seafood in 2016, based on recent Government Reports. Seafood consumption is a steady trend over the past five years at between 14 and 15 pounds eaten per capita each year.
--- At the top of the chart is Alaskan Halibut, where pricing is notoriously high and with premiums on fish and chip menus and center of the plate dishes. At $5.11 per 6oz serving, it's a hard sell to center of the plate buyers. The 2018 Pacific Halibut quota was supposed to be announced in the last Friday of January, however, catch limit decisions were deferred until the council makes a firm decision.
--- Salmon is the top most consumed seafood item in 2016 by Americans, and most consumers are familiar with higher price points on menus for items like Sockeye. With the rise in eco-labelling like Ocean Wise and MSC, and stronger interest in "wild caught" seafood, salmon demand has increased for both foodservice and retail. Center of the plate costs for sockeye right now are about $2.75 for a 6oz serving.
--- Seafood consumption patterns are rising without a doubt, but consumer's budgets for center of the plate proteins could factor into demand this year as costs continue to rise too.
Our TradexLIVE offer of the week is for SINBAD brand Shatterpack cod fillets. These are twice frozen 8-16oz fillets in our 100% Net Weight Guaranteed Sinbad brand, available this week in Los Angeles for $3.05 per pound.
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