April 30, 2018 - In this week's episode we review the effects of rising Swai (Pangasius) prices.
There are limited resources for Swai (Pangasius) in the USA now as the USDA Catfish inspection program began to be fully enforced in September 2017. We can see a...
sharp price increase during this time clearly reflected in this TradexLIVE Price Trends Graph over the past two years.
5-7oz Swai (Pangasius) fillets, A product that used to be $1.50/lb early last year, is now $3.00 per pound, and are forecasted to strengthen a further five to ten cents in the coming months.
Many buyers are seeking alternatives and we have insight that Pollock is one of the main substitutes on the table.
Consistent sizing and texture makes Pollock a great whitefish substitute for Swai (Pangasius).
Compared to other whitefish options, Pollock is by far the most steady in price and supply.
Pollock fillets are looking very desirable at between $1.15 and $1.20 per pound in LA.
We do expect Pollock pricing to strengthen by about 10 cents per pound by June as Russian raw materials are around $1220 - $1230 per metric tonne, up from $1020 in January.
As Atlantic Cod loins are anticipated to reach $3.55 in July and Pacific Cod approaching a striking $3.70 next month, the market is desperate for more affordable whitefish options.
Pollock imports were steady throughout last Fall and this Spring. We have seen a slight dip this month but believe that this is due to Chinese New Year plant closures.
We anticipate Pollock imports to rise in the coming months as demand continues to strengthen from whitefish buyers.
--- To wrap this episode up, our TradexLIVE offer of the week is for 21-25 count Argentine Red Shrimp.
We have 15,000 lbs of our premium Sinbad Platinum brand P&D tail on Red Shrimp in Seattle for $5.55/lb USD.
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