The Indonesian (dry) off-season started recently. This is the time of year when raw material prices go up since the landings are less. The off-season typically lasts until late Q4 but is expected to last until early Q1 2021.

This year, despite COVID-19, it appears that the upward price trend will continue. In the last 2 weeks, overseas costs have risen dramatically. In part, fueled by increased U.S. demand (most likely caused by the depletion of April/May (COVID-19) inventory) and in preparation for the coming holiday season.

The Chinese season, on the other hand, will not begin until August 15, 2020.

The first containers from the new season will begin to arrive in late September/early October. It is quite possible that Red Swimming demand will increase as the blue swimming crab price gap increases.

However, crystal ball predictions are more difficult due to the potential continued tariffs on China and the impact of COVID-19 on the Food Service channel.

Please contact our sales specialist for more information or email us now!