Argentina: Exports of frozen seafood in the first half of the year

The monthly report produced by the Chamber of Freezer Fishing Shipowners of Argentina (CaPeCA) shows a sharp drop in squid prices in all markets, a situation similar to that of last year with hake with lower prices and a significant recovery of the whole prawn. For black hake there are decreases in price and stability in the spider crab. According to the document, exports of all frozen fish products reached 236 thousand tons as of June 30, with a value close to 855 million dollars. The countries with the highest demand were Spain and China, but in the grouping by continent Asia occupies the first place contributing 337 million of the total and behind Europe with 280 million dollars. This year the situation for illex squid was not as good as last year, when volume and price seemed to have no ceiling. Prices fell sharply in all markets, between 25% and 30% below the values of 2020. Another interesting fact is the strong reduction in demand from China, while in the first half of 2019 ...