ANALYSIS: Twice Frozen Haddock Demands Premium Over Single Frozen
The market for twice frozen haddock fillets began strengthening soon after the tariff exemption on the imported species came to an end on December 31, 2020. Since then, wholesale prices have increased an average of $0.83 per pound, reaching a new record high of about $4.38 per pound for skinless, boneless, IQF, frozen fillets.
Contributing factors to the rising wholesale price includes elevated freight costs and widespread logistical issues causing shipping delays coupled with heightened demand from the swift...
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