Last year's 20 percent drop in pollock surimi prices last year, coupled with the devaluation of the Japanese this year, have exacerbated higher inventory levels through the first half, resulting in a 40 percent price drop for Alaska pollock prices and and a 15 percent drop in tropical fish surimi prices, Pascal Guenneugues, founder and president of Future Seafood, said.
Guenneugues, speaking in Xianmen, China in May, predicted "unfortunately" the market could "see low market prices until the end of 2013 and then face a new period of short supply and a another drastic price swing in 2014."
Increased
