Pacific whiting demand steady, supply low
Last year, despite strong demand, the global economic downturn forced buyers to curb their Pacific whiting purchases, leaving suppliers with inventory surpluses.
However, this year the opposite is taking affect, because the West Coast’s 2009 whiting quota was cut nearly in half, to 184,000 metric tons. Demand is holding steady, but both U.S. and Canada supplies are low. There’s enough product in inventory to hold over buyers — for now.
However, if the quota hadn’t been cut, 2009 would …