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Fish & seafood outlook

Fish & seafood outlook

What's happening in the market in March

MARCH AT A GLANCE:

SALMON - More stability in price as weather has improved, less demand from China which could help availability.

FRESH COD & HADDOCK - As the weather improves, buyers are expecting availability on Cod and Haddock to improve this month.

BASS & BREAM - Good availability on both species with steady pricing.

TUNA & SOWRDFISH - Good landings of both species at the moment.

 

BEST IN SEASON:

We will be sourcing quality seasonal fish & seafood from various day-boats around the UK coast We're expectingto see good landings of Hake, Monkfish and Ray wings, also look out for some fantastic Skrei Cod (available only until April).

 

FRESH SALMON

Improved weather conditions in Norway & Scotland at the beginning of February provided respite against a period of challenging availability and pricing – prices however remain significantly higher than previous years.

The poor conditions meant that harvesting remained tight throughout January but the situation improved into February – in a way supported by the Coronavirus outbreak in China which effectively closed down that market which accounts for 6% of global salmon sales.

Predicting the short/medium term impact of the virus on Salmon is tricky but one potential scenario is that it may support greater availability of Norwegian fish for the European market. This in turn should support stability of supply throughout March ahead of the predicted annual Easter price challenge.

 

FRESH WHITEFISH

Availability of fish has been very difficult in January and February due to poor weather. We should see improved availability in March, but expecting prices to firm further in run up to Easter with the strong seasonal demand.

Skrei Cod – We are in mid-season for this fish, which is sustainably caught by small day-boats in Norway. Catch it now as it’s only available until April.

 

FRESH TUNA & SWORDFSIH

Supply is ok at the moment, but we will see impact when Monsoon season starts usually around May. We will be getting products from the Maldives, Sri Lanka, the Seychelles and India.

 

SEASONAL FRESH FISH

We are seeing increases on a few smaller volume species such as Sardines, Cuttlefish and Red Mullet which is all driven by reduced availability . Buyers are hoping this will come back as we move towards springtime.

As we start coming out of the winter months we should see availability of UK coastal fish improve, some species are still spawning such as lemons but as we move towards April fish quality should improve so look out for fantastic specials from our branches!

 

CORONAVIRUS:

Some of our frozen products are processes in China and there is no health risk associated with food from the region. We have good stocks and availability across our range of products but will continue to monitor this challenging situation closely.

For the latest news & info follow @mjseafood

From the latest updates on what's been landed where through to weather reports and customer reviews. M&J Seafood keeps you close to what's breaking in the industry.