ANALYSIS: Brazil Lobster Tail Market Reset
Seafood is, and always has been, uniquely placed when compared to other protein categories. It’s hugely reliant on the foodservice sector, and in particular, the mid-to-upper scale establishment; so, it came as no surprise that it was the most susceptible to the COVID-19 pandemic of all the main protein categories.
As one can imagine, one of the steepest price actions was observed in the lobster category. For illustrative purposes, let us look at the price action in 8 oz. Brazil origin tails...
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