3-Minute Market Insight - After Effects of Lent, Could Haddock be pricing itself out of the Market Post Lent Seafood Update: NOT seeing much Inventory of Raw Materials or hearing of Excessive Inventory in the market Market Projections out of China continue to be a Strong Haddock Market Seafood Alert: if Haddock fillet is under 10oz this year it is likely to be a "Cut Fillet" Cod market to strengthen over the next few months as China is in demand for Alaskan & Russian raw materials Russian Cod prices have increased, Russian Pollock Market to remain stronger than expected April 17th marked the end of the 2014 Lent Season - what is the Seafood Market doing now Post Lent? 2014 Lent Season in the Seafood Market seems to have come through a bit MORE Cleanly than in the past Post Lent Seafood Update: China Pursuing Raw Materials; China Production has maintained good volumes in all markets Our Main Haddock Plant in China continues to Project a very Strong Haddock Fillet market for the future Our Main Haddock Plant in China has moved approx 40% of Haddock production to Atlantic Cod production a Strong Haddock Market this year has switched some Fish and Chips businesses to Atlantic Cod Fillets Seafood Buyers: If a Haddock Fillet is under 10oz this year, it is likely to be a "Cut Fillet" Haddock pricing is now over $4.00/lb ex warehouse #StrongHaddockPricing with High Haddock prices, Cod is beginning to look like a great alternative white fish #HighHaddockPrices - could Haddock be pricing itself out of the Market? with the 2014 Haddock Quota Cut & Strong Haddock Demand don't expect Haddock prices to go down any time soon the Cod Market could gain a bit of strength over the next few months as China is in Demand for Alaskan and Russian Cod expect to see a $0.10-$0.15 increase for Russian Cod by the time it reaches North America Russian Pollock has also remained stronger than expected after Chinese New year Russia Pollock: Boats still getting $1,450/MT = $100/MT increase from expected pricing for this time frame

---Thanks 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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