February 2022 2/2022
Latest trends The annual consumer price index in the EURO zone was 5.1 percent in January 2022, up from 5.0 percent in December 2021. In France inflation was lower, with the annual consumer price index up 2.9 percent in January 2022, compared with 2.8 percent in December 2021. The increased cost of energy and services is contributing to upward pressure on production costs both at sea and on land. Combined with higher transport costs (especially for imported frozen products from Latin America and Asia), these drivers are propelling prices rapidly upwards at a time of year when the market usually slows down. On the positive side, COVID-19 measures are being lifted in all major European countries, and the return to restaurant dining is having a positive impact on demand for fish products. At the same time, the return to work also means more consumption at canteens, which is another major outlet for fishery products. Italian fish prices, which had reached extremely high levels by the end of last year, have fallen back somewhat, both at retail and in the HORECA sector.
GROUNDFISH Norwegian groundfish catches were good in the first week of February. The result was a decline in cod prices to USD 4.75 per kg in the fifth week of the year, an 18 percent decline from January price levels. Prices of haddock also dropped. Increasing prices are reported on the Russian domestic market for Alaska pollock due to a lack of product.
1
Index for prices
Groundfish
8
Flatfish
10
Tuna
11
Small Pelagics
11
Cephalopods
12
Crustaceans
14
Bivalves
15
Salmon
16
Trout
17
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.