Publications
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...
The European seafood sector will meet at Seafood Expo in Barcelona at the end of this month. Traders are looking forward to this important event in order to find new suppliers from outside the region, as the situation for capture fisheries in Europe is very bleak at the moment. The consumer price inflation rate in the Euro area was confirmed at 2.4 percent year-on-year in March 2024, matching the 28- month low in November 2023...
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...
From 1 January to 15 December 2023, exports of fish and seafood from the Russian Federation amounted to 2.08 million tonnes, according to the Customs Service statistics and Rosselkhoznadzor's Argus information system. This represents a 30 percent increase over the same period in 2022, when Russian exports of fish and seafood were just over 1.6 million tonnes. China has become the largest export destination; the seafood shipments to this country have increased almost three times,...
After the Christmas rush, the European fish market came to a standstill in January 2024, which is a normal feature for this time of the year. Demand is slow, and prices have declined from the high levels reached in December 2023.
The recent tense developments in the Red Sea are likely to have a strong impact on fish trade in the world market; significant increases in price levels are expected, after the normalization that had characterized...