ANALYSIS: Gap Closing on FAS and Double Frozen Haddock
Haddock prices have been strengthening in the midst of supply issues coupled with added pressure from increased tariffs. The result is a narrowing gap between frozen-at-sea and twice-frozen product.
The spread between twice-frozen Atlantic haddock fillets and frozen-at-sea fillets from Russia/Norway is the smallest we've seen since first reporting the frozen-at-sea product in December 2015. Historically, the average difference between the two items is $0.79 cents. Currently, the gap has contracted thirty cents, averaging a $0.50 difference between...
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