ANALYSIS: Tilapia and Pangasius Prices Overlap, Import Volumes Reverse
While both the imported tilapia and pangasius markets are experiencing strong upwards pricing pressure due to many of the same factors, pangasius wholesale prices have increased sharply since Vietnam enacted emergency restrictions back in July to temper the rise of COVID-19 cases throughout the country.
The steep rise in freight costs, port congestion, little to no container availability or vessel transport, elevated feed costs, and labor issues throughout the supply chain have all been major factors contributing to the bullish tone of both the tilapia...
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