SEAFOOD TRENDS

Seafood Trends - April 26, 2024

All seafood pricing trends are based on Urner Barry data and supplier quotes as of April 24, 2024.

SHRIMP, DOMESTIC

SHELL-ON WHITES:

Suppliers report that markets are mostly steady this week but could rise going into summer as supply tightens up.

DOMESTIC BROWNS:

Markets are reported to be firming. Suppliers report that inventory levels are tight.

DOMESTIC PUDS:

Supply levels are reported to be adequate. Markets are currently reported to be stable, but suppliers expect prices to start to firm as inventory tightens up in the coming months ahead of next season.

SHRIMP, IMPORTED

BLACK TIGERS AND WHITES:

Urner Barry reports that prices for White Shrimp from Asia and Latin America are slowly moving up, and that demand is still steady.

MEXICAN BROWNS AND WHITES:

Urner Barry reports that pricing is mostly steady. Suppliers report that the supply of U-15 and larger sizes is very tight.

ARGENTINE RED:

Urner Barry expects pricing to be stable next week.

CATFISH

DOMESTIC:

Pricing is stable, as reported by Urner Barry.

IMPORTED:

Pricing is stable, as reported by Urner Barry.

ATLANTIC FARMED SALMON

FROZEN PORTIONS:

Pricing remains stable on Frozen Chilean Atlantic Salmon portions, as reported by Urner Barry.

FRESH CHILEAN:

Fresh pricing has fallen slightly this week, as reported by Urner Barry.

MAHI-MAHI

Urner Barry reports a mostly stable market, but suppliers report strong supply levels behind a good catch, which could lead to softer markets later in Q2, according to analysts.

SCALLOPS

SEA:

Pricing remains stable, as reported by Urner Barry. Suppliers report that the new season is expected to begin in May.

BAY:

Pricing remains stable, as reported by Urner Barry.

TILAPIA

Urner Barry reports that pricing is beginning to strengthen due to supply challenges and potential freight obstacles.

PANGASIUS

Urner Barry reports stable pricing for this week.

Whitefish Complex

COD:

Suppliers report that inventory is tightening up due to the Seafood Determination issued December 22, 2023, which expands the March 2022 federal ban on importation into the U.S. of seafood and other products of Russian origin to include cod. They also anticipate some price firming for Q2 and Q3.

POLLOCK:

Suppliers report that inventory is tightening up due to the Seafood Determination issued December 22, 2023 which expands the March 2022 federal ban on importation into the U.S. of seafood and other products of Russian origin to include pollock. They also anticipate some price firming for Q2 and Q3.

HADDOCK:

Pricing is stable, as reported by Urner Barry.

FLOUNDER:

Suppliers report mostly stable pricing for now but do expect some softening later in Q2.

TUNA, YELLOWFIN

(FROZEN STEAKS & LOINS):

Pricing is stable, as reported by Urner Barry, and suppliers are reporting strong inventory.

SWORDFISH

Urner Barry reports steady pricing for next week.

KING CRAB

(RED & GOLDEN):

The Red King Crab market is finding strength on all sizes, according to analysts. Supply is reported to be barely adequate to adequate.

CRABMEAT

(BLUE & RED, PASTEURIZED):

Pricing is steady this week on Blue Swimming Crab, while Urner Barry reported that red Jumbo Lump and Colossal were increasing. They also report that Colossal and Jumbo Lump Red and Blue Swimming Crab are in tight supply.

SNOW CRAB

ALASKAN:

The Alaska Fisheries Team announced that there will be no quota for 2024.

CANADIAN:

The 2024 season is underway, as fishing began in Newfoundland this week, according to suppliers. New production costs are higher due to lack of inventory from 2023, according to analysts.

LOBSTER

NORTH AMERICAN LOBSTER TAILS:

Urner Barry reports that pricing for tails is holding steady to firm this week. The scarcity of supplies experienced during the fall and winter has been notable and, for some, challenging, according to analysts.

LOBSTER MEAT:

Urner Barry is currently not reporting pricing on lobster meat, due to lack of supply. Suppliers report that the 2024 Canadian season is scheduled to begin on May 1.

LOBSTER TAILS, WARM-WATER:

Pricing is stable this week, as reported by Urner Barry.