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GLOBEFISH - Information and Analysis on World Fish Trade

European Price Report - March 2019

Year published: 2019

Demand has started to pick up after a sluggish start to the year. Traders are only now starting to build up stocks for Lent, one of the main consumption periods, which is starting later than usual this year. Prices for several products have reached record levels, and further price hikes are likely to materialize in April. The overall outlook for capture fisheries is bleak, with groundfish and cephalopod resources under stress at a global level, and significant quotas cuts have been decided for this year. High prices are reported for bivalves, crab and lobster and even though aquaculture production is still growing, prices are rising for many farmed seafood products. Prices for tuna, a true global commodity, are also heading upwards due to the various fishing bans currently in place all over the world.

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