We’re excited to announce the launch of Expana’s new price forecast for Chilean salmon. This forecast will cover fresh farmed salmon from Chile, FOB Miami, FL, providing critical insights for businesses navigating the seafood market.
This new forecast is just the beginning. In the coming months, Expana will expand its seafood coverage with three new shrimp forecasts and one for snow crab, offering even more data and expertise on critical market trends. Our expanded offerings are designed to help businesses make smarter decisions in an ever-evolving market.
We’re releasing this forecast at a time when salmon prices have risen 10% over the past two months, with further movements expected into Q1 2025. This increase coincides with notable shifts in the broader fish market. For example, the Northeast farmed whole fish market remains unsettled, with pricing variability particularly evident for sizes 8-10 and smaller. While supplies for 10-12s and 12-14s are reported as adequate to barely adequate, demand is rated as moderate to active, driving higher prices for these larger sizes.
The European whole fish market also adjusted higher out of Norway due to light supplies amid active demand, while the Chilean whole fish market remains highly unsettled, with mixed pricing trends. These developments highlight the ongoing volatility within the seafood sector, further emphasizing the need for accurate forecasting tools.
Expana’s forecasting service delivers precise, timely predictions to help you stay ahead of price changes and market fluctuations. With intelligence on over 1,000 forecasted agrifood prices, you can confidently make strategic decisions to seize new opportunities and manage risks effectively. Our comprehensive seafood coverage includes:
- More than 3,500 proprietary protein and seafood prices
- Real-time news coverage and access to our seafood experts
- In-depth market insight and trend reports
Schedule a demo here with a seafood expert and discover how the Expana market intelligence platform can transform your business.
Written by Nick Wood
