August 22, 2023 — A recent industry report from Wells Fargo has taken a decidedly neutral stance on the overall outlook for the U.S. seafood industry over the remainder of 2023, referencing positive news for certain species like snow crab but continuing woes for other market sectors to back up its mixed prediction.
The report, “Wells Fargo Agri-Food Institute’s Industry Update – Q2 2023,” listed overall food prices and demand as major factors influencing Wells Fargo’s mixed outlook.