June 2021 6/2021
Latest trends The seafood industry in Europe is feeling more optimistic after a long period of lockdowns and economic downturn due to COVID19. Restaurants have reopened across the continent and people are extremely eager to eat out again after not being able to do so for many months. Tourist numbers in the southern part of the continent are expected to be high, with reservations exceeding those of pre-COVID-19 years. This positive outlook is translating into strong demand for seafood items popular in the catering sector such as shrimp, lobster, cephalopods and bivalves. At the same time, supply is tight for many of these species, as businesses that disappeared from the scene during the pandemic have not necessarily been able to resume operations. India is still struggling with virus outbreaks and has been unable to produce the normal quantities of farmed shrimp. Due to these production constraints, prices have risen for many products.
GROUNDFISH Prices of Alaska pollack on the Russian market are now returning to normal, after a week of continuous increases. Demand is reportedly good.
In the Spanish market, the prices of cod and hake are increasing, on the back of very strong demand. This trend is likely to continue into the next month. In the market for farmed turbot, demand is steady and prices are stable.
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.