EP 301 | AIRED 10/10/2016
What Are China Packers Predicting for the New Year Salmon, Haddock, Pollock
October 10, 2016 - Welcome to The Tradex Foods
"3-Minute Market Insight
This is Robert Reierson and here is the seafood news for the week of October 10th, 2016.
--- After a week-long national holiday, we checked in with our Chinese office to see what's on their radar at the moment.
Chum Salmon from Kamchatka in Russia is the best available on the market right now, compared to Alaska and Hokkaido.
Raw materials from Kamchatka have a 20 percent premium over Russian pink salmon, and Chinese packers are saying that Chum pricing is likely to rise during limited Alaskan availability.
Currently, 6-9lb Dark Pale Meat Colour Chums in Seattle are currently at $1.85 /lb.
For Pollock, the Russian season begins in about 2 months, and packers anticipate steady pricing around $1,180 / metric tonne on Russian Pollock.
Finished twice frozen goods in L.A. are $1.15/lb for 2-4oz IQF Fillets and $1.60/lb for 3oz and 4oz IQF Pollock Loins.
Taking a look at Haddock now - raw material pricing has been at a historical low level for well over a year now.
Since the lowest level of $1,750 / metric tonne, raw materials have risen 14 percent and could hit $3,000 / metric tonne after Chinese New Year.
For domestic buyers, we recommend securing inventories up until February, once price talks are settled for the new year.
Current pricing on IQF Skinless Bonless Haddock loins in Vancouver is $3.25 / lb Canadian, and $2.50 USD in Boston.
--- The China Fisheries Seafood Expo is in Qingdao from November 2nd to 4th this year, where many Chinese vendors will iron out any remaining production space before the factories close on January 20th.
--- Our TradexLIVE offer of the week is for Sinbad brand Pacific Cod Loins.
These are #1 quality, twice frozen, Skinless, Boneless, and packed 1x10lb.
We have various sizes from 3oz to 8oz available in Chicago for $2.80/lb.
Click or tap the icon above to view this offer.
--- And finally, October is National Seafood Month - a great time to highlight smart purchasing, sustainable fisheries, and the health benefits of eating seafood.
In celebration of National Seafood Month, we will have a LIVE agent ready to answer all of your seafood questions.
Just visit www dot tradexfoods dot com slash seafood month 2016!
----Thank you for joining me for the Tradex Foods
"3-Minute Market Insight"
This is Robert Reierson - “BUY SMART” and “EAT MORE SEAFOOD"
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