Market Opportunities for U.S. Aquaculture Producers: The Case of Branzino
2021
ASCHE Frank | GARLOCK Taryn | CAMP Edward | GUILLEN GARCIA Jordi | KUMAR Ganesh | LLORENTE Ignacio | SHAMSHAK Gina
The U.S. is the world’s largest seafood importer by value, with an increasing share of imports being farmed seafood. Despite numerous policy initiatives, production and growth in the U.S. aquaculture sector is limited, and there is a significant literature discussing potential explanations. In this paper, the recent success of imported fresh branzino is used to show that the market is not a constraint. From 2015 when imported quantifies became more significant, the species entered the large whitefish market, although with a significant price premium relatively to tilapia, the largest species in this market.
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