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Market Report

April 1, 2011

Due to the fuel and feed cost being on a significant increase over the last three months all Tilapia and Rainbow Trout vendors are raising their prices over the next couple of weeks.

We expected Farm Raised Salmon to come down but it is not going to come down as much as we thought because of some major movements by some of the major suppliers to limit harvest. It’s a control issue for them and they don’t want the market to collapse so they have stopped harvesting. There is not a surplus of supply appearing in the marketplace the way we had anticipated. They will have to harvest those fish at some point so the surplus of supply will occur; we’re just unsure as to what date exactly.

From the Pacific Northwest, Halibut has come down a little bit; but not enough in our opinion. We feel like demand is so high and the trading of quota shares in the Pacific Northwest halibut fishery is causing prices to remain artificially high. We want the market to come down but we’re not sure we’re actually going to be able to see that.

Wild Salmon is just around the corner. Initial projections are that the first fish out of the North Columbia River and the Columbia River will be very expensive. We expect a moderate amount of fish initially and we’ll talk further about wild Salmon in May.

In the Pacific Southwest, Baja Redfish remains a good value and we look forward to California White Bass season coming on very soon.


In the North Atlantic, the Scallop fishery is set to open although this weekend they are having some April’s Fools’ snow in New England and some bad weather along the coast. We expect the weather to improve in the next ten days and the fishing effort to increase and prices on Cod, Haddock and the rest of the Northeastern ground fish to soften.


North Carolina and Virginia Flounder are still a good value.

Wild Striped Bass, due to size regulations and fishing restrictions, has tightened up and prices remain firm.

The South Atlantic and Gulf of Mexico are steady at this point. There are virtually no fisheries on the South Atlantic from North Carolina to the Florida Keys that are currently open. We expect openings on a couple of species in mid-April and then the rest will be open for fishing in May.

In the Gulf of Mexico there is still ‘The Edges’, or the 40 break, that will be closed until May 1st, but we are seeing some Red Grouper availability. Mexico’s moratorium is over and we’re starting to see some Mexican Grouper filet come in; that will begin to bring the market down and, hopefully, make Grouper more affordable by next weekend.


Due to Red Snapper IFQ’s, prices remain very high and the availability remains very low. Imported products like Snapper, such as our Dotted Snapper, remain firm and expensive due to a long-line ban in Panama and limited availability in other Central America producing countries.


Swordfish
is relatively affordable, for this time of year, with an uptick in prices and a downward turn in availability with this next full moon on April 18th.


Tuna is a little bit shaky. Not as much domestic product as we would like to see and not as much imported product as we would like. We do have some fish coming but not a large supply.

Beef: Cattle futures prices continue to increase, pushing to record highs on the Chicago Mercantile Exchange. This escalation is forcing boxed beef cutout prices to move in accordance with the replacement cattle market. Expect these prices to remain very high through 2011.

Featured Items!

We are going to directly import North Sea Turbot grown in the pure waters of Southern Chile this weekend. If we can show the volume we need to, we can have around this price point consistently.
Direct Import! Buy like a wholesaler!
30 lb Case of 3-4 lb Fish--------$10.45 ------ 9 cases available
30 lbs case of 1-2 Turbotines 8.99----- 4 cases available



Cases land Monday morning for Tuesday Restaurant Delivery. Accepting pre-orders now. Get in on the Availability!

We are happy to offer Free-Range, All-Natural, Pekin Duck products from Jurgielewicz Farms. The birds are raised on Long Island and the breed is prized for the delicate flavor of its meat and sweet, unctuous, fat.  We offer Whole Birds, Breasts, Leg Quarters, Livers, fresh eggs and even Tongues on a limited basis.

We will also have French White Asparagus in on Tuesday. Only 100 lbs available so get your orders in early!