Image: AgroNews / FIS

Brazilian tilapia market

BRAZIL
Tuesday, December 12, 2023, 01:00 (GMT + 9)

Indicators and trends for the week

The tilapia market reflects an increasing supply trend, directly impacting prices, especially with the warmer weather conditions in recent days

Source: Stockfile FIS

Análisis completo realizado por Francisco Medeiros – presidente de Peixe BR 

Tilapia market

In this week's farmed fish market, we start with the Cepea Peixe PR tilapia indicator, covering the Great Lakes region, comprising the states of São Paulo and Mato Grosso do Sul. There was a slight decline of 0.02 cents (USD 0.0041 ) per kilo, resulting in an average price of R$ 9.76 (USD 1.98) in the northern region of Paraná. We also noticed a decrease of 0.01 cent (USD 0.002) per kilo, with the average price stabilizing at R$ 9.74 (USD 1.98).

In western Paraná, an increase of 0.01 cent (USD 0.002) was observed, raising the average price to R$ 9.73 (USD 1.97). In Minas Gerais, in the region of Morada Nova de Minas, the price remained stable at R$ 9.53 (USD 1.93) per kilo. The tilapia market reflects an increasing supply trend, directly impacting prices, especially with the warmer weather conditions in recent days.

Challenges and stability in the native fish market

The native fish market remains firm, especially in the main producing regions, where the lack of rain persists. The North and Central-West regions, unlike the South, have not received the same rainfall, resulting in delays in replacing fry. Although it does not represent a serious concern so far, the situation could have an impact if there is no adequate replacement in the nurseries in the coming days or in December.

Another point of attention is the lack of rain in the Center-West, affecting soybean planting and, consequently, the second corn harvest, the most crucial. This delay could result in a smaller supply of corn next year, directly impacting feed prices. Despite this year's super grain harvest, it is important to monitor the weather, as extreme weather events can affect consumers' wallets. We will remain attentive to developments next week.

The farmed fish market faces challenges arising from climate change and price fluctuations. The growing supply of tilapia suggests a competitive dynamic, while the lack of rainfall in important native fish-producing regions raises concerns about fingerling replacement.

Source:AgroNews

Additionally, adverse weather conditions affecting soybean and corn planting could have ramifications on feed prices, requiring attention to food and economic security in the coming months. We will closely monitor these developments and bring you updates next week.

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

[email protected]
www.seafood.media

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