August 2021 8/2021
Latest trends Prices for almost all species are rising, due to a combination of strengthening demand on the back of improved tourist numbers, higher transportation costs, higher fuel costs, and other issues that can be traced back to the COVID-19 pandemic.
Widespread logistical challenges have led to reports that there is not enough tuna supply for the revived restaurant market. The acute shortage of reefer containers has contributed to a sharp rise (up to 1 000 percent) in sea freight costs. Container shortages for inter-continental cargoes, rising freight costs and long delays in shipments are also adding to the concerns of shrimp exporters targeting the European market.
GROUNDFISH Consumption of wet-salted cod fillets from frozen raw material (Gadus macrocephalus), and wet-salted cod fillets (Gadus morhua) from fresh raw material of Faroese and Icelandic origin is restarting, but traders are encountering considerable difficulties securing raw material. Logistics have been challenging due to delays and high freight costs, and the situation is expected to last for at least two more months. Prices are expected to increase significantly over the course of September and October. In August, prices for cured cod in the Italian market have already increased by over 10 percent, which is quite exceptional for a product for which steady prices are the norm.
1
Index for prices
Groundfish
9
Flatfish
10
Tuna
11
Small Pelagics
12
Cephalopods
13
Crustaceans
14
Bivalves
15
Salmon
16
Trout
16
Freshwater fish
17
Non Traditional Species
17
Seabass-SeabreamMeagre
18
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.