GLOBEFISH - Information and Analysis on World Fish Trade

European Price Report - November 2020

Year published: 2020

The lockdowns imposed in various European countries in response to a second wave of COVID-19 infections are having a strong negative impact on demand for seafood. Prices of fishery products destined for the restaurant sector, such as shrimp, mussels and squid, are in free fall. Traders are relatively more prepared compared with the first wave earlier this year, however, and in most cases are swiftly adapting to the new market environment. Alternative marketing channels have emerged, and the focus is shifting towards home delivery. However, the shift in consumer preferences towards frozen products at the expense of fresh products is creating challenges for some suppliers. Typically, November is when many buyers are looking to stock up for the New Year, but this year most are far more careful than usual because of the uncertainties associated with the COVID-19 lockdowns.

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