The novel coronavirus COVID-19 continues to upend the global seafood trade, reducing foodservice demand and complicating supply chains. If you have any stories on how your company is dealing with the crisis, please email us, [email protected] Here's a recap of pandemic-related seafood news from Tuesday, Sept. 8:
Some recovery in the UK foodservice sector, and continued strong retail sales, lead several sources in the coldwater shrimp sector to expect prices on an upward trend through to the end of 2020, they told Undercurrent News.
Sources with an important UK importer and a major global producer told Undercurrent prices reached their lowest point in April 2020 -- largely thanks to the impact of the COVID-19-prompted lockdown of the UK -- but since then retail sales have flown and foodservice orders have picked up.
Ecuadorian farmed vannamei prices, however, could be going in the opposite direction, farmers fear.
What does the global shrimp supply and demand picture look like? Tune in -- or if it's too early, catch the replay -- of Undercurrent's live webinar scheduled today.
In the US state of Maine, a lobster buying station is shutting down while in Massachusetts, a longtime restaurant is too, in part due to the pandemic.
Lastly, tuna prices, which until recently had been some of the least-hit by the coronavirus crisis compared to other species, appear to be heading down.
Grocers' sales of canned tuna spiked in the first few months of lockdowns across the world, offsetting a loss in demand from the restaurant and hotel sector. In the meantime, travel restrictions and containment measures had slowed down tuna fishing and processing operations across the globe, supporting price levels.
September 09, 2020 at 02:05PM
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COVID-19 recap, Sept. 8: Coldwater shrimp prices rise; Ecuador shrimp bump may not last; Thai tuna prices backslide - Undercurrent News
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