November 2021 11/2021
Latest trends The fourth wave of COVID-19 is currently hitting Europe, particularly in the northern part of the continent. The enthusiasm that characterized the summer months, leading to strong demand growth, has been somewhat dampened. In many countries there is still uncertainty as to whether the Christmas festivities will again take place under lockdown, or if people will be free to move around and visit restaurants and ski resorts. Despite this shift in the market sentiment, demand for seafood is strong and prices continue to rise. This is especially true for wild-caught species, for which the cost of fuel has an significant impact on operational costs. The exceptionally high shipping rates and logistical delays associated with a worldwide container shortage, new border procedures and port backlogs are negatively impacting international trade. In Europe, a renewed consumer focus on buying locally is impacting the seafood trade and leading to high prices for locally produced fishery products.
GROUNDFISH Since the beginning of the year, 300 000 tonnes of cod have been harvested in the Barents Sea by the Russian fleet (leaving a remaining quota balance of 25.2 percent) and 82 200 tonnes of haddock (leaving a remaining quota balance of 37.7 percent). As of the same date last year, 278 300 tonnes of cod and 71 000 tonnes of haddock had been caught.
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.
