European Price Report - November 2017

Year published: 2017

Monthly prices for about 600 fish products and an overview of the major trends on the European market, reported by an extensive correspondent network.

November 2017.

Abstract: The month of October was marked by severe storms, notably Ophelia, which interrupted fishing in Northern European waters, particularly off the coasts of Ireland and the UK. Landings suffered in consequence and this has led to higher prices. Traders are currently busy buying for the Christmas season, and all indicators point to good demand after years of relatively low Christmas seafood sales. Buying interest is expected to be high for luxury items such as oysters, lobsters and shrimp, with further increases in prices likely. Cephalopods are in very low supply, a trend which has been ongoing for several years and which has pushed prices up to the point where these species also qualify as luxury seafood products. Tuna prices, meanwhile, have started to decline from the sky-high levels reached in October 2017, but are still 40 percent above last year’s prices.

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