GLOBEFISH - Information and Analysis on World Fish Trade

European Price Report - August 2021

Year published: 2021

Prices for almost all species are rising, due to a combination of strengthening demand on the back of improved tourist numbers, higher transportation costs, higher fuel costs, and other issues that can be traced back to the COVID-19 pandemic. Widespread logistical challenges have led to reports that there is not enough tuna supply for the revived restaurant market. The acute shortage of reefer containers has contributed to a sharp rise (up to 1 000 percent) in sea freight costs. Container shortages for inter-continental cargoes, rising freight costs and long delays in shipments are also adding to the concerns of shrimp exporters targeting the European market.

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