Global 2023 Opilio Snow Crab Projected Catch the Highest Since 2012!
Rising interest rates and inflation concerns, along with a few bank failures, are having an affect on consumers. Many consumers are behaving as if we are in a recession already. They have been trading down from premium food products such as crab to private labels and other cheaper alternatives. In other words, demand is waning and enthusiasm for these premium food products need a boost.
Seafood sales soared during the pandemic and households were enjoying items normally ordered in a restaurant. But in 2022 sales were down...
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