EP 538 | AIRED 05/17/2021
May 17th, 2021--- This week we provide General Buyer's Update for Salmon, Halibut, Cod, Pollock and California Market Squid.
--- It should come as no surprise that we continue to see shortages on numerous value-added frozen products and raw materials.
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--- For Pacific Cod, 9lb+ larged sized CBO Cod looks to have hit a snag and vendors seem to be having issues moving product.
Fillets continue to be trickling down from Alaska at what seems like a snail's pace while multiple vendors are claiming to be sold out.
Our recommendation is to secure any Pacific Cod offers you receive over the next few weeks.
About 78,000 metric tonnes of Pacific Cod have been harvested in Alaska this season, representing about 69 percent of the Total Allowable Catch for the 2021 season.
--- For Pollock, the same issues that have plagued Cod continue to slow sales and availability on Pollock.
The United States Department of Agriculture recently issued a contract to bid on 8.325 million lbs of Alaskan Pollock fillets.
They also requested 6.7 million lbs of the Pollock to be packed into 2x10lb bags for the USDA’s household distribution program.
FPollock offers are limited so our recommendation is to secure any Pollock offers you receive over the next few weeks.
About 663,000 metric tonnes of Pollock have been harvested in Alaska this season, representing about 42 percent of the Total Allowable Catch for 2021.
--- For California Market Squid, it's looking like a very promising season.
With foodservice making a comeback in America, a large harvest of California Market Squid should come as welcomed news for the industry.
Since the start of the 2021/22 season in April, 17.2 million lbs had already been harvested surpassing the pace at the same time last year where 9.6 million lbs were harvested.
La Nina conditions are anticipated for the year and the last time this fishery saw La Nina conditions was back in 2017 and 2016 where 137 and 81 million lbs of Market Squid were harvested respectively.
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