ANALYSIS: Tilapia Replacement Costs at 10-Year Low
Replacement costs for tilapia frozen fillets, calculated by dividing the total value of this commodity by its volume was recorded at $1.62 per pound in July, reported by the USDOC. This is the lowest price per pound since $1.61 was recorded for October 2009.
YTD import data shows frozen tilapia fillets fall 6.8 percent below the same 2018 timeframe, despite fair to moderate demand within the market. July imports totaled 22.2 million pounds, 12.8 percent higher than the previous month, and 5.5 percent higher than July 2018...
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