European Price Report - October 2021

Year published: 2021

Purchasing in anticipation of the Christmas season is already in full swing, prompted by widespread concern over potential delays due to various logistical issues. Prices are rising rapidly on the back of tight supply generally and an improved demand outlook for the upcoming festive season, which will see a welcome return to dining out. Higher fuel prices in addition to the high cost of containers are additional contributors to widespread price gains. For some seafood products, prices have increased by over 30 percent in just three months, and further increases are likely before Christmas arrives. In general, prices of aquaculture products have remained relatively stable, but wild fish have become increasingly expensive. The Italian market is suffering from strikes in the port and transport sector taking place as a reaction to the government’s decision to impose the Green Pass for all working places from 15 October onward. There is a concern that the food sector will shortly come to a complete stop.

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