European Price Report - May 2016

Year published: 2016

Monthly prices for about 600 fish products and an overview of the major trends on the European market, reported by an extensive correspondent network. Abstract: May is the generally the time of the year when traders are restocking for the summer sales. This year, the relatively higher value of the euro has made European importers competitive again on the world market, and sales are quite strong at the moment. With 30 Members having formally deposited their instruments of adherence, the Port State Measures Agreement (PSMA), an international accord intended to combat Illegal, Unregulated and Unreported (IUU) fishing, is set to become international law on 5 June 2016,. The PSMA, whose development through international dialogue and expert consultation has been driven and coordinated by FAO, focuses on preventing IUU fishing by requiring that parties designate specific ports for use by foreign vessels and introducing controls and procedures to make it more difficult for IUU fish to enter national or international markets. 

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