GLOBEFISH - Information and Analysis on World Fish Trade

European Price Report - November 2019

Year published: 2019

Typically, November is quite a busy month for seafood as buying picks up in preparation for the Christmas period and prices tend to increase. This year, however, the European market is surprisingly quiet and price movement has been limited so far. Broad economic uncertainty surrounding the Brexit situation and the US-China tariff discussions appear to be overshadowing the market and buyers are adopting a wait-and-see approach. In China, however, the uncertain environment has not delayed the start of purchases for the Chinese New Year festivities to a significant extent, and this will soon push their European counterparts into securing supplies. The combination of factors is likely to see European buyers making some hasty purchases at very high prices next month.

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