Issue 11/2020 November 2020
Latest trends
Index for prices
The lockdowns imposed in various European countries in response to a second wave of COVID-19 infections are having a strong negative impact on demand for seafood. Prices of fishery products destined for the restaurant sector, such as shrimp, mussels and squid, are in free fall. Traders are relatively more prepared compared with the first wave earlier this year, however, and in most cases are swiftly adapting to the new market environment. Alternative marketing channels have emerged, and the focus is shifting towards home delivery. However, the shift in consumer preferences towards frozen products at the expense of fresh products is creating challenges for some suppliers.
Groundfish
8
Flatfish
9
Typically, November is when many buyers are looking to stock up for the New Year, but this year most are far more careful than usual because of the uncertainties associated with the COVID-19 lockdowns.
GROUNDFISH The European cod market has been impacted by the decision of the Dutch health authorities not to certify cod intended for export to China coming from third countries, such as Norway and the Russian Federation. The full effect on the European market is still to be felt, however, as a high proportion of cod exports to China eventually return in processed form to European markets. The change in policy was triggered by worries of Chinese importers about traces of COVID-19 virus found on frozen packages certified by Dutch authorities.
the European consumer, and has brought about a number of changes in consumer purchasing habits. Instead of buying 1 the more expensive “skrei� (spring cod from the Lofoten region), consumers are turning to the less expensive saithe.
Tuna
10
Small Pelagics
10
Cephalopods
11
Crustaceans
12
Bivalves
14
Salmon
14
Trout
15
Freshwater fish
15
Non Traditional Species
15
Seabass-SeabreamMeagre
16
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.