Europe is currently facing low cold storage stocks, with the FAO Global Fish Outlook indicating that fish prices are expected to rise throughout the year. As we approach early 2024, squid prices have found some stability, although there's a growing demand for larger sizes. Notably, prices for South African squid have surged during the Easter period, and a gradual price increase is also anticipated for Argentinian squid. Moreover, hake (hubbbsi) prices are on an upward trajectory, exacerbated by logistical hurdles in transporting cargo through the Panama and Suez Canals, alongside a significant hike in the World Container Index (WCI) since March 2023.