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    Home > Food News > Food Articles > Single frozen pollock rose to a historical peak, and market competitiveness was maintained

    Single frozen pollock rose to a historical peak, and market competitiveness was maintained

    • Last Update: 2022-11-14
    • Source: Internet
    • Author: User
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    The price of single frozen pollock has reached a record high, but its price competitive advantage over other animal proteins cannot be underestimated
    .
    According to U.
    S.
    meat protein price portal Urner Barry (UB), the price of single frozen pollock is currently higher than pork, but lower than beef and chicken
    .
     
    On the other hand, pollock prices are still in the upward range, and other animal proteins are falling
    .
     
    Einar Gustafsson, the new CEO of American Seafoods Group, told UCN: "I always think pollock is at the low end of the protein value, even if it rises, it is not expensive
    .
    " ”
     
    "In Europe, we're seeing a decline in retail sales, and the question is, how high does the price have to go to force retailers to take this product off the shelves? We are in a badly inflationary business environment with all protein prices rising
    .
    But people always have to consume, and to what extent will they choose other, cheaper proteins? Gustafsson said
    .
     
    This view is shared
    by the UB team.
    "There is always a voice that pollock has always been competitively
    priced relative to other proteins.
    For the past 5 years, the price of pollock has been lower than other meat proteins, but recently the price has increased by 75%, especially this year
    .
    UB analyst Gary Morrison said
    .
     
    "Beef is the most expensive meat, and sirloin steak costs much more than pollock fillet
    .
    The supply of chicken is affected by highly pathogenic avian influenza, and the price fluctuates greatly, but is always higher than pollock
    .
    Only pork has a lower wholesale price than pollock, because the price of pork tenderloin is at a five-year
    low.
     
    UB analyst Lorin Castiglione said: "The pollock market has suffered from supply-side challenges one after another, including quota cuts, an increase in the proportion of small-sized catches, the Russia-Ukraine conflict, etc.
    , while domestic demand in the United States is stable and global demand continues to rise
    .
     
    "During the epidemic, China's processing industry has fallen into trouble, single frozen pollock has become the focus of the market, and the premium has been expanded
    .
    After the end of the epidemic, due to the above problems, the price of single frozen firm has been maintained
    .
    "Despite this, pollock still has many advantages over other fish, its retail segment is very successful, it has always been a popular dish in fast food restaurants, and it can also replace real pollock, which can be found
    everywhere in American campuses and government agency meals.
    " ”
     
    "These have been driven by the marketing of GAPP (Real Alaska Cod Production and Trade Association), which has created new channels and expanded product lines, maintaining strong demand
    in an era of high prices.
    " Castiglione said
    .
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