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MARKET REPORT: July 1,2019

30 June 2019 |

Chefs Trading's Market Report for July, 2019. Read on for information on what is expected in Costa Rica, Panama, Mexico, Ecuador as well as our Industry Funding model supporting Social Responsibility and Sustainability in addition to our patented CT Traceability Tags that come on all our products giving us complete International Traceability from end to end in our supply chain.


Costa Rica/Panama

The Yellowfin Tuna, Swordfish and Mahi-mahi (Large Pelagic) Fishery Improvement Project in Costa Rica known as the Costa Rica Large Pleagic Longline Fishery Improvement Project and Chef Trading's Industry lead FIP funding model are alligning with the United Nations Developement Project and the National Platform in Costa Rica to support efforts to foster positive change and move towards sustainability and eventual MSC certification in the Tuna/ Swordfish/Mahi-Mahi fishery. We are still patiently waiting for the platform to make this a publicly known FIP. 

Yellowfin Tunas landings are expected to remain very strong for the rest of the year. Prices are generally higher with the summer heat and strong consumer demand. Fresh #1 and #2+ landings will continue to exceed quality expectations for both medium 40-59 pound and Large 60+ pound H/G YellowFin and Bigeye Tunas.

Swordfish landings should increase this month as prices head back up a lot of fishers will switch from fishing for frozen to fresh as they look to support thier families. 

Slik, Lane Snappers and Groupers volumnes should also increase with the warmer weather.

Groupers should also be in steady supply.

Maricultured Spotted Rose Snappers are still continuing to grow in popularity. Whole, Fillet and Butterfiled Fillets are available with a very long shelf life and perfect texture and flavor.

All products as usual are Traceable with our CT Tag which shows our supply chain distributors and the end consumer among other things where and how the product was caught as well as who caught it to ensure traceability that the product is caught legally and is associated with either sustainable methods or is helping the fishery move toward more sustainable practices via a Fishery Improvement Project (FIP) and/or our Supply Chain Improvement Project.

 

Mexico

We are proud to be a partner with CeDePesca and many other stakeholders and participants in the Mexican Grouper/Snapper Fishery Improvement Project(FIP). A portion of our sales from this fishery will go back to the fishery via the FIP to help support sustainability.

Feel free to contact us for more information and to learn how you can help with the complex social, enviromental and economic issues facing this fishery in the effort to become sustainable. 

Grouper production is expected to increase this month which will cause pricing to continue to stabalize to normal levels.

Yellowtail and Lane Snappers should see a decrease in landings this month.

American Red Snapper volumnes are also expected to decrease this month all be it slightly. 

 

Ecuador

As a Chef some of the best Shrimp I have ever eatin was in Ecuador at a little beachfront shack.

Wild Caught White and Brown Shrimp from Ecuador are available. Contact us today for the best of the best in shrimp direct shipped from Ecuador.

 

Chefs Trading

Our team travels extensively throughout the year advocating for Social Responsibility, Sustainability and Traceablity in Seafood. We support a number of Fishery Improvement Projects(FIP's) with many different NGO's and have organized our own industry lead FIP funding model. As always, we look to support social responsibility in our fisheries and help the hard working fishermen and women connect directly with chefs all of whom are at the heart of our supply chain. 

We urge everyone from Fishermen to Distributors, Chefs to Moms/Dads and all you Consumers to support Traceable legally non slavery caught seafood, Social Responsibility and a Sustainable World. If you would like to contribute to these initiatives please contact us at 1-844-257-0959 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. to find out how you can help. 

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