Latest trends The inflation rate in the Euro Area declined to 2.4 percent year-on-year in November 2023, reaching its lowest level since July 2021, this rate compares to 2.9 percent in October and 4.3 percent in September. In this European Fish Price Report, 55 percent of the prices were stable compared with November 2023, 22 percent went up and 23 percent went down. Trade for the Christmas period is in full swing, but many fishery products do not experience the normal price increase for this period of the year. This is mainly because of decreasing inflation. Demand is going up, though, with the exception of shrimp, which is reportedly experiencing low demand. Lobster and Norway lobster experienced very strong price hikes. Salmon, another fish species associated with Christmas festivities, also reported price increases after some months of lower price levels.
GROUNDFISH December is the main sales period for wet-salted cod fillets from frozen raw material (Gadus macrocephalus) and wetsalted cod fillets (Gadus morhua). In the southern part of the continent these products are tied to a Christmas culinary tradition. Traditionally, consumption of these products decreases in January every year. However, the anticipated low temperatures are expected to boost consumption of these products. Prices are expected to fall, especially for Gadus morhua, because fishing begins in the Lofoten Islands.
1
December 2023 12/2023 Index for prices
Groundfish
11
Flatfish
13
Tuna
14
Small Pelagics
15
Cephalopods
17
Crustaceans
18
Bivalves
18
Salmon
21
Trout
21
Freshwater fish
21
Non Traditional Species
22
Seabass-SeabreamMeagre
23
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.