ANALYSIS: Conflicting Trends on Imported Catfish
After a steep incline in wholesale prices on Chinese catfish frozen fillets beginning in the first quarter of 2021, the market finally came off for the first time in a year. Since March 2021 Chinese catfish increased $2.00/pound, leading to pushback from consumers, a drop in demand, and ultimately sellers discounting product to entice sales.
Additional factors contributing to the market softening include supply and the wind down of the Lenten season. Compared to a few months ago, inventories are in better...
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