On-the-Ground Updates

Economic Concerns in Seafood Industry in Portugal and Spain Amid Global Product Price Drops

Other Value Added Seafoods

India

Fresh Cuttlefish

Guilherme Rua

Published Aug 31, 2023

Many businesses in the seafood industry in Portugal and Spain are hesitating to make upcoming purchases because of the recent decline in goods from countries like Vietnam, China, and India. This reluctance is causing a surplus of inventory at the source and driving down prices, creating uncertainty among importers and buyers. Even small price drops of 10 or 20 cents in low-value products are significant because importers are unsure when this trend will bottom out.

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