European Price Report May 2024

Year published: 2024

Consumer sentiment remains poor despite improved economic prospects in the European Union. After the high rates experienced in 2021 to 2023, inflation is now growing at a far slower pace, but consumers are very cautious with regard to expenses, including planning for their holidays. This subdued sentiment has particularly impacted the demand for fisheries products, including shrimp, which is considered a main indicator of economic perception. Nevertheless, shrimp prices are going up as supplies are low, especially for cultured products in the market. In contrast, cephalopods, which had experienced very limited supply last year, are now showing oversupply, which is leading to lower prices in most markets.

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