Global octopus landings declining

Global octopus landings declining. Global octopus landings have been on a declining trend for several years, and this seems to continue, according to Globefish. Quotas have been reduced, so supplies are expected to become tighter. However, demand has also weakened, probably as a result of global inflation, and because holiday travel was reduced during the COVID-19 pandemic. Prices for octopus have weakened a bit but are expected to recover. Lower quotas in Morocco and slow catches in other regions have resulted in higher prices and tight supplies. The Moroccan octopus fishing season ended on 15 September and will not resume until mid-December. During the summer, prices in Morocco started to decline due to the start of the summer fishing season. The Mexican octopus season started on 1 August, but catches have been somewhat disappointing. The octopus market suffered severely during the COVID-19 pandemic. Most octopus processors and suppliers in Europe experienced a significant drop ...