Demand is slow in Europe at present, which is typical for the first weeks of the year. Limited quantities are being traded, and prices are stable. Chinese buyers are making purchases in advance of Chinese festivities, and this is directing product away from the European market. However, demand in Europe can be expected to recover by February. Saint Valentine’s Day will see increased demand for certain seafood items such as lobster and oysters, and this will likely lead to a price hike for these products. The Lenten season will also boost demand for fishery products, especially in the Southern part of the continent.