Jumbo Lump

The Party Is Over In Venezuela

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If you pick crabmeat for a living, you learn quickly that January is “painful”. You have just come off a month with tons of demand, and, in the case of fresh Venezuelan meat, you have forced the market way above “fair value” for that product.

The month of January will be spent trying to find the “equilibrium” between supply and demand. That means prices are coming down and will continue to slide all month! Make sure you keep close contact with your sales rep as the price drops.