ANALYSIS: Low Inventories Leads to Firm Frozen Tuna Market
The underlying constraints that propelled the frozen tuna market to record levels are firmly intact as we enter Q1 2022. Both frozen tuna loins and steaks are currently trading 63.21% and 59.8% above their 5-year averages, respectively.
Logistical disruptions such as container shortages, rising freight costs and shipping delays continue to plague not only the frozen tuna market but the imported seafood complex as well. Constrained production capabilities due to labor shortages, rising replacement costs overseas and an active demand are all contributing to a firm market...
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