Consumer sentiment remains poor despite improved economic prospects in both the United States and the European Union. The years 2021 to 2023 saw the highest inflation rates in decades, and although economic growth and employment have exceeded expectations, consumer confidence remains affected by concerns for diminished purchasing power. This cautious sentiment has particularly impacted the demand for fisheries products, with many choosing other, oftencheaper, protein sources. The FAO Fish Price Index (FPI) remained stable at 119...

Issue 2 of the Chinese Fish Price Report led by two featured articles on China’s import of primary seafood and e-commerce in China, and brings the recent policy updates and industry news, including a new Free Trade Agreement between China and Ecuador, the No.1 Central Document of 2024, new measures for the filing of aquaculture farm with products used for food raw material for export etc. The latest price trend for Tilapia, Grass carp, Chinese...

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...

From Holy week and Easter, the main consumption period for fishery products in Europe, is being celebrated early this year. Traders are stocking up quickly, as cold storage holdings in Europe are low for all major products. This strong demand is leading to higher prices in all leading markets. Notably, shrimp has suddenly regained popularity, after bleak demand which had characterized the whole of 2023; accordingly, its prices increased sharply. With regard to tuna, a...

In September, the summer holidays are over in Europe, and importers are preparing for the Christmas sales period. However, the market is very volatile, as the impact of inflation on the seafood market, including during the main festivities, is likely to be severe. Prices of seafood are generally going up, with a few exceptions, which include cod products and shrimp, for which demand continues to be low. In the present European Fish Price Report, some...