Declining Prices of Frozen Octopus in Indonesia During W26

The price of octopus (species: octopus cyaneus) in Indonesia, packed in a whole cleaned flower shape with 90% net weight and 10% glazed, declined in W26. The demand for this product has been declining due to low demand from Europe. Thus, prices of Indonesian octopus flower shapes stood at USD 5.40/0.5-1 kg, USD 6.90/1-2 kg, and USD 8.20/2 kg and up CFR EU seaports. It decreased from the previous weeks at USD 6.70/0.5-1 kg, USD 7.70/1-2 kg, and USD 8.70/2 kg and up.