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MARKET REPORT: June 1,2020

01 June 2020 |

Chefs Trading's Market Report for June, 2020. Read on for information on what we expect to see in these trying and changing times from our main suppply chains as well as our Sustainability Funding model helping to support Social Responsibility, Sustainability and Human Rights with our patented CT Traceability Tags that come on all our products giving you complete International Traceability 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 is 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. The implementation phase has begun and there should be updates on www.fisheryprogress.org soon. 

Fishers and Exporters alike have been affected by the pandemic as we all have been. We are seeing increased landings and demand in some areas in our supply chain and we hope to see continued growth and more importantly we hope the reopenings go well with first and for most the health and safety of all in mind. 

Yellowfin Tunas landings are down of course with the demand but we still have plenty of supply for our supply chain. 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 they come in with the moon cycle and continue to nurse.

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

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. 

The following is what we would usually expect to see this time of year however at this point it is all up in the air, literally. The pandemic in Mexico is a lot like it is in the USA. In many parts of the republic the curve has barely started to rise, the government there is also putting on pressure to show a certain normality and tranquility when clearly they can't yet say that they have the situation under control, says math, as they are still suffering terrifying Covid figures. With a great deal of political pressure to reopen along with the United States bc the supply chains are so interconnected. We hope both will put people's safety and health first and that truth will lead the way. 

Sea Cucumber production starts this month and will cause total fish production to decrease for a few weeks as the 15 day season disrupts fishing slightly.

Grouper production after a slight decrease for the above mentioned Cucumber is still expected to increase especially toward the mid to end of the month which will cause pricing to continue to stabalize to normal levels.

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

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. 

Happy Bday month to our CEO! Chris will continue to advocate for Sustainability, Socail Responsibility and Human Rights and promoting Tracability in supply chains. 

Happy Fathers Day to All the Dads and StepDads out there, especially to our Dads for being the real deal and showing us the way, Happy Father Day!

We stand with and support the protestors and the systemic change that is clearly needed in the States to insure that Life, Liberty and the Pursuit of Happiness is for all our citizens equally and our hearts, love, prayers and positive thoughts go out to the family and friends of George Floyd. 

Thanks for reading. Please Help Each other out there. Together we stand!

Eat and travel well and Live, Love and Let that stuff go well my friends!