Image: AgroNews / FIS

Brazilian tilapia market

BRAZIL
Tuesday, February 20, 2024, 01:00 (GMT + 9)

After a long week due to Carnival, the farmed and native fish market presented some interesting nuances

Source: Stockfile FIS

Complete analysis carried out by Francisco Medeiros – president of Peixe BR 

Fish market

Starting with the Cepea indicator, Peixe BR and the Great Lakes region, the price remained stable at R$ 9.60 (USD 1.93). In the north of Paraná, there was a slight decrease of 0.01 cent (USD 0.0020), setting the average price at R$ 9.96 (USD 2.01). In the west of Paraná Lake, there was a more significant drop, with 0.04 cents less (USD 0.0081) and the average price reaching R$ 9.48 (USD 1.91).

In the state of Minas Gerais, in the region of Morada Nova de Minas, after several weeks of stability, there was a decrease of 0.01 cent (USD 0.0020), with the average price settling at R$ 9.49 (USD 1.91). On the other hand, in the new region of Minas Triângulo Mineiro and Alto Paranaíba, prices remained stable at R$ 9.63 (USD 1.94). It is important to highlight that this week was marked by low commercial activity due to the carnival period.

As for native fish, we have observed a scenario of scarcity in the market, resulting in an upward trend in prices. This movement suggests that producers should be alert to possible corrections in values, as long as the region allows such an adjustment.

After a period of celebrations and rest, also marked by the import of tilapia from Vietnam, many consumers and producers turn their attention to Lent preparations. This is a time that historically drives demand for fish, and expectations for business are positive.

As we enter the Lenten season, it is critical that market participants are prepared for the seasonal demand and opportunities that will arise. May this be a prosperous and blessed season for all.

Source:AgroNews

Author: Vicente Delgado | AgroNews (Translated from the original in Portuguese)  

[email protected]
www.seafood.media

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