Crushed by High Inventories, US Tilapia Fillet Market Prices Continue to Fall
Prices of Chinese frozen tilapia fillets in the US wholesale market edged down further in Week 15, with inventory pressures starting to be reflected more directly in transaction prices. According to market quotes, prices of all mainstream specifications dropped by approximately $0.05 per pound on average. This marks the first clear sign of price loosening in the market after weeks of sideways trading. In terms of trading momentum, US buying interest has not picked up noticeably; procurement...