May 2023 5/2023
Latest trends The Southern European traders are preparing for the summer months, which are expected to see high consumption mainly due to increased tourists presence, after three years of COVID-19 restrictions. Prices are high for high-end products, such as demersal fish, cephalopods and shrimp. Inflation in Europe has started to decline, but for food items it is generally still exceeding 10 percent, and for many seafood products, prices are about 30 percent higher than one year ago. In this issue of the European Fish Price Report, for the first time in recent history, more prices moved down than up. This was especially true in Spain. Declines in prices were mainly for small pelagic species, but also some traditional groundfish species reported lower prices.
GROUNDFISH There was a significant reduction on prices for Pacific whiting Hake (PBO fillets and minced) after historical high levels were reached in 2022. This reduction is as much as USD 0.70 per kg. Companies are left with high inventories at 2022 premium prices so demand is low. Buyers are waiting to see the evolution of the market. In line with price reduction for Pacific hake, also Namibian producers reported a price decline, limited to USD 0.10 per kg.
1
Index for prices
Groundfish
9
Flatfish
11
Tuna
12
Small Pelagics
13
Cephalopods
14
Crustaceans
16
Bivalves
18
Salmon
19
Trout
19
Freshwater fish
19
Non Traditional Species
20
Seabass-SeabreamMeagre
21
The European Fish Price Report, based on information supplied by industry correspondents, aims to provide guidance on broad price trends. Price information is indicative and should be used only for forecasting medium- and long-term trends. FAO is not responsible for any errors or omissions.