Morocco and Mauritania to start octopus fishing season on July 1

Published Jun 26, 2024

Tridge summary

The article highlights the dynamic market situation in the European Union regarding frozen octopus imports, with a focus on the significant role Morocco and Mauritania play as major suppliers. It points out that Italy and Spain, key consumers, are experiencing a decrease in octopus stocks, leading to a surge in prices as the summer peak boosts demand. The current market fluctuations are largely due to the differing stock levels between Italy and Spain. The report from Mercamadrid underscores the rising trends in both frozen and cooked octopus prices, anticipating continued market activity driven by the summer tourist season and the upcoming fishing season in North Africa.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The news comes at a time of rising demand in the European market, especially at the start of the summer tourist season. Morocco and Mauritania account for the majority of frozen octopus imports into the EU, and supply has a huge impact on the market. Sources indicate that Italy's octopus stocks are almost exhausted, while Spain, although still holding some reserves, is also gradually decreasing. The difference in stocks between the two Mediterranean countries is the main factor affecting the current market dynamics and price fluctuations. An industry insider told Undercurrent News that octopus prices are on an upward trend, and this improvement is attributed to the "summer peak", when consumption increases significantly. According to the latest data from Mercamadrid, the main fresh seafood wholesale market in Spain, the prices of frozen and cooked octopus are as follows: · ...

Source: Foodmate