Wholesale Salmon Prices in China Decline Amid Large Fish Oversupply
Wholesale salmon prices in China fell significantly in week 14 due to an oversupply of large Norwegian fish. Demand has not kept pace with the available supply, leading to the price decline.
In week 14, between March 31 and April 6, wholesale salmon prices in China experienced a notable decline. This reduction in pricing has been attributed to an oversupply of large Norwegian salmon, with sources confirming that the increased availability has not been matched by consumer demand in the market.
The China Fisheries and Seafood Exhibition, held in 2024, highlighted fresh Norwegian Atlantic salmon. Despite the promotion of this product, it appears that the market is still struggling with an abundance of fish that is outpacing the purchasing appetite of consumers, which has led to the current price drop.
In summary, the decline in wholesale salmon prices in China during week 14 is primarily driven by an oversupply of large Norwegian fish. The mismatch between supply and demand continues to impact the market, necessitating attention from industry stakeholders to manage this surplus effectively.
Original Source: www.undercurrentnews.com
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