Trading is slowing down, as the supply for the holiday season is already secured. Besides, some processing companies in southern Europe close for the summer period. Product prices are rising steadily for some capture fish; for instance, sole prices are about EUR 5.00 per kg ahead of what they were at the same time last year. In contrast, prices of cultured species such as seabass and seabream are stable, although salmon prices have declined further. Small pelagic catches are good at the moment,...

European seafood traders are getting ready for the holiday season, generally a main consumption period. The signs are positive: with lower inflation in the region, consumers are more willing to travel as well as go to restaurants, which comprise one major outlet for seafood products. In addition, the prices of both farmed and wild-caught seafood are declining, influenced by the stabilization of the cost of fuel. The euro area annual inflation rate was 2.4 percent in April 2024, which is stable compared to...

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...