ANALYSIS: US Peeled Shrimp Wholesale Prices Fail to Keep Pace With Falling Replacement Costs
Shrimp prices have declined across the market, but the more relevant question is whether wholesale values are falling faster or slower than the current replacement cost.
The ratio addressed here compares each form's wholesale index to its replacement cost, tariff included. It is not a measure of margin, since product moving through the market today was typically purchased weeks or months earlier at a different cost basis. Rather, the ratio indicates whether wholesale is trading ahead of or behind current replacement cost, relative to its own...
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