Tilapia prices rise in the US

The US market for frozen tilapia and pangasius is experiencing supply shortages and price hikes. The price of Chinese tilapia fillets has risen to over $3.00 per pound, up from $2.20 last year, due to supply reduction caused by Super Typhoon Makar. The pangasius supply from Vietnam is also constrained by weather-related losses. Despite historical import volume trends, pangasius has recently surpassed tilapia imports in the US. The small-sized fillets market may face price pressure as demand in the US market continues to increase, maintaining the trend of market fluctuations.

Recently, the wholesale market for frozen tilapia and pangasius in the United States has experienced significant fluctuations, with tight supply and rising prices. According to the latest data, the wholesale price of frozen tilapia fillets from China has exceeded US$3.00 per pound, a significant increase compared to US$2.20 in the same period last year. Specifically, 3-5 ounces of tilapia fillets are sold at US$3.00, 5-7 ounces are US$3.10, and 7-9 ounces are as high as US$3.25. The main reason for the increase in tilapia prices is the reduction in supply from China, especially the impact of Super Typhoon Makar in September, which caused severe damage to the infrastructure in Wenchang, Hainan and Zhanjiang, Guangdong, affecting the normal operation of farms and processing plants. Although tilapia processing plants have gradually resumed work, the output of raw materials has not yet fully recovered, and the tight supply is expected to continue. At the same time, the supply of ...