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  • PPTX

    Retail Overview 3rd Quarter 2010

    Total seafood value fell -5% in Q3, principally driven by a -7% and -9% fall in the value and volume of Salmon, respectively. Caused by the aftermath of the ISA affecting Chilean supply earlier in the year. Compared to Q2, the value of chilled sector fell by -7% in Q3, with frozen and ambient falling by -1% and -4% respectively. Compared to Q3 2009, the value of the chilled sector is up +3%, with both frozen and ambient falling by -2%. These trends are in line with consumers switching to staples, as the consumer confidence index falls to its lowest level since Dec 2008.