GLOBEFISH - European Price Report - Aug. 2021

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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.

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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.


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GLOBEFISH - European Price Report - Aug. 2021 by GLOBEFISH - Issuu