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S.
retail seafood sales inFebruary , sending sales plummeting by double digits , according to newly released data
.
Frozen seafood dollar sales reached $575.
9 million (€527.
9 million) in February, down 9.
4% from February 2021 levels
.
Sales of frozen seafood fell 20.
6 percent, according to new data released by IRI and analyzed by Texas-based market research firm 210 Analytics
.
9 million (€527.
9 million) in February, down 9.
4% from February 2021 levels
.
Sales of frozen seafood fell 20.
6 percent, according to new data released by IRI and analyzed by Texas-based market research firm 210 Analytics
.
Sales of frozen raw and cooked shrimp declined by 16% and 20.
9%, respectively
.
Sales of frozen fish and seafood fell by nearly 23 percent
.
9%, respectively
.
Sales of frozen fish and seafood fell by nearly 23 percent
.
A surplus of product and some post-pandemic normalization could cause international shrimp market prices to drop by around 10% sometime in the next few months, U.
S.
seafood industry veterans said
.
"I don't think we'll see a crash or anything like that, but we'll see prices fall back to where they were before the pandemic
.
"
S.
seafood industry veterans said
.
"I don't think we'll see a crash or anything like that, but we'll see prices fall back to where they were before the pandemic
.
"
The new CEO of Elverta, Calif.
-based Sterling Caviar believes that a few months ago, producers rushed to fill the massive demand by replenishing the market, and because of the pandemic, most of their production is still effectively at sea
.
All of these factors together will lead to lower prices, especially when shipping woes are eased, he said
.
-based Sterling Caviar believes that a few months ago, producers rushed to fill the massive demand by replenishing the market, and because of the pandemic, most of their production is still effectively at sea
.
All of these factors together will lead to lower prices, especially when shipping woes are eased, he said
.
"I think the price of shrimp at the end of the year has made a lot of farmers actively investing in seedlings
.
A lot of people will enter the market, which will lead to oversupply, which will cause prices to fall
.
" "Sales are good, but also stocks are very high, and they will be digested over time, but in this case, we already have a new season," the combination of the two will drive prices down
.
.
A lot of people will enter the market, which will lead to oversupply, which will cause prices to fall
.
" "Sales are good, but also stocks are very high, and they will be digested over time, but in this case, we already have a new season," the combination of the two will drive prices down
.
Much of the cargo that helped keep prices down is still at sea, he said, and they were ordered when demand was high and shipping was uncertain
.
"Some companies have 100 containers there and either can't get out of other origins like India or Vietnam, or they're in ports here
.
"
.
"Some companies have 100 containers there and either can't get out of other origins like India or Vietnam, or they're in ports here
.
"
A 50-year veteran of the industry, he retired late last year as CEO of Sunnyvale Seafood in California, where he oversaw Sunnyvale's shrimp imports for two years
.
Before that, he served as the company's president for four years, and for several years before that, he was the company's seafood buyer
.
He has seen a growing market for online sales and a growing trend of people cooking seafood at home since the pandemic forced restaurants to close, a trend that has continued into this year
.
.
Before that, he served as the company's president for four years, and for several years before that, he was the company's seafood buyer
.
He has seen a growing market for online sales and a growing trend of people cooking seafood at home since the pandemic forced restaurants to close, a trend that has continued into this year
.
