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Christmas revives Spanish fishing sales and raises seafood prices

Published Dec 22, 2023

Tridge summary

Despite a difficult year for fishing product sales due to declining consumption, the Christmas season has reactivated sales, particularly for seafood. Prices have seen an increase due to high demand, bad weather, salinity problems in Galicia, and inflation. The entire value chain, including fishermen, aquaculturists, and commerce, has requested temporary elimination or reduction of VAT on fish and seafood, to alleviate the impact of price increases.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Christmas has reactivated sales of fishing products, after a difficult year due to the decline in consumption. In the market there is high demand and unequal prices, with a special increase in the price of seafood, for reasons such as bad weather or salinity problems in Galicia. The Christmas campaign constitutes one of the strong moments for the turnover of fish merchants - between 15% or 20% of the annual accounts - and, according to wholesalers and fishmongers, this year is presented with positive sales and increases in the most “festive” species, including seafood. Inflation has also had an impact on the prices of fish and seafood in 2023, which in November were sold 6.2% and 5.6% respectively more expensive than in 2022 and, although these foods have not been the most have skyrocketed in the CPI tables, consumers have stopped buying them because of the idea that they are expensive. Representatives of the wholesale trade and the traditional fishmongers' association Fedepesca ...
Source: PEefeagro
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