Image: AgroNews / FIS

Brazilian tilapia market

BRAZIL
Tuesday, June 11, 2024, 01:00 (GMT + 9)

This Week's Farmed Fish Market, Price Trends and Outlook

Source: Stockfile FIS

This week, the farmed fish market in Brazil presented a series of price adjustments. Complete analysis carried out by Francisco Medeiros – president of Peixe BR 

Tilapia Market 

The main producing regions, such as the Great Lakes Region and Paraná, recorded significant reductions in prices paid to producers. According to the CEPEA/Peixe BR tilapia indicator, in the Great Lakes Region, there was a drop of R$ 0.10 (USD 0.019) in the price per kilo of tilapia, now quoted at R$ 9.17 (USD 1.70 ) . A similar trend was observed in the North of Paraná, where the average price fell to R$ 9.65 (USD 1.79) per kilo, and in the West of Paraná, where the reduction was R$ 0.09 (USD 0.017), resulting in an average price of R$8.79 (USD 1.63) per kilo.

Impact of the international market

An important factor highlighted was the significant increase in fish exports to the United States. This movement has impacted the domestic market, which remains cold with a tendency for prices to fall. The fluctuation of the dollar also plays a crucial role, influencing both domestic prices and exports. This scenario generates a greater supply of fish in some regions, an atypical situation for this time of year, indicating a need for continuous monitoring to assess market behavior in the following weeks.

Expansion in the farmed fish sector in Brazil

The “PECNORDESTE 2024” event in Fortaleza was a highlight, attracting around 60,000 visitors and featuring 1,100 stands, including an entire pavilion dedicated to aquaculture and logistics. This event demonstrated the significant growth of the aquaculture sector in Brazil, especially in shrimp production. The broad participation and success of the event reflect the strengthening and continued expansion of aquaculture, positioning itself as a vital component of national livestock farming.

Despite the price reductions and the colder domestic market, there are positive expectations for the recovery of consumption and the stabilization of prices in the coming weeks. Continuous observation of export trends and the response of the domestic market will be crucial to adjust strategies and ensure the sustainable growth of the farmed fish sector in Brazil.

In conclusion, the farmed fish market in Brazil is in a period of adaptation, with challenges and opportunities shaping the future of aquaculture. Events such as “Aquishow 2024” highlight the importance of the sector and the need for continued support to face regulatory and economic challenges.

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

[email protected]
www.seafood.media

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