UB Consulting: The Rise of Salmon Prices Compared to Other Proteins
Simple fundamentals like higher imports and steady to firm wholesale prices can lead us to quite safely state that salmon demand has strengthened over the last several years; granted, there are very few immediate substitutes for salmon. However, items with comparable price points, such as beef steaks, are empirically known to compete at the retail and foodservice level. During the pandemic, many steaks saw significant price increases compared to many other proteins like chicken, pork, and seafood due to a host of reasons...
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