Chilean salmon prices for shipments to the US, Brazil, and China increased in late October 2024. The rise in prices is expected to continue due to steady demand and anticipated supply reductions early next year, according to Skills.
Prices for Chilean salmon destined for the United States, Brazil, and China experienced a notable increase during the week 44 of 2024, which spanned from October 29 to November 1. According to the latest data from Skills, suppliers anticipate these price trends to continue rising gradually. This increase is attributed to recent steady price hikes and an anticipated reduction in supply that is expected to occur early next year. The combination of these factors could indicate a sustained upward trajectory for pricing in the near future.
The dynamics of international seafood markets have been significantly influenced by both demand and supply factors. In particular, Chilean salmon has gained prominence in global markets due to its quality and the increasing appetite from consumers in major markets such as the United States, Brazil, and China. Currently, market analysts observe that prices are influenced by a tightening supply situation as producers grapple with various challenges, including environmental factors and production levels. The expectation of a supply reduction in early 2025 adds an element of urgency to the price increases being observed.
In summary, the prices of Chilean salmon are on a gradual rise, influenced by both market demand and expected supply constraints. The trends noted during week 44 of 2024 suggest a sustained increase in pricing, which stakeholders in the seafood industry will need to closely monitor. As the situation evolves, it may significantly affect both consumers and suppliers alike, guiding future market strategies.
Original Source: www.undercurrentnews.com
