Friday, April 18, 2008
Supply and Demand
I am pretty sure that during all those lectures in economics I was busy checking out the young ladies in the class, but I do remember something about supply and demand. Oh yes the rule of supply and demand is bearing down strong on the seafood industry. A number of factors are working against anyone who purchases seafood. Factor number one; the weak dollar is giving our overseas counterparts more buying power, and helping to drive prices up here for species like wild salmon, and many of your Boston area fish
Additional factors causing this can be traced to lower yields from farmed fish including tilapia, and farmed salmon. The aquaculture industry is also competing for some of the same feed that land based farming operations use, and they too are facing higher prices driven up by high fuel prices. Anyone who has read my blog, or recent articles elsewhere is fairly aware about the growing concern we are depleting our oceans from overfishing. Plus overall consumption of seafood is up in many sectors either due to peoples desire to eat healthier, or a growing population of people that can afford to splurge, so to speak. So with all that being said, what are we to do we to do? I am not sure there is any simple answer in the near future. Until we can find a way to bring a greater amount of product to the market without causing harm, then we may just have to get used to it.