ANALYSIS: Ukraine Crisis Contributing to Fresh Tilapia Premiums
Multiple factors are contributing to the upwards pressure within the fresh tilapia market, resulting in record high or 52-week high premiums across all sizes. In addition to massive freight increases both domestically and globally, continued logistical issues, and supply constraints, fresh tilapia is also seeing upwards pressure due to rising feed costs on corn, wheat and soy.
As reported by Urner Barry's plant protein market reporter Andraia Torsiello in the Monthly Insider's Soy & Wheat Report, Ukraine accounts for roughly 12% of global wheat exports and...
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