Morocco increases octopus quota by 19% for upcoming season

Published Jul 3, 2024

Tridge summary

The articles highlights the commencement of the octopus fishing season in Morocco and Mauritania, set to begin on July 1st, in response to fluctuating fish stocks and escalating demand in Europe, particularly from Italy and Spain, which are experiencing depletion of octopus stocks. These countries are significant contributors to the EU's frozen octopus imports. The upcoming season aims to address these supply issues, leading to an uptick in octopus prices as the peak summer season approaches, when demand tends to be higher.

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

Original content

All fisheries sectors have increased their total allowable catch for the season. Morocco and Mauritania recently announced that the octopus fishing season will begin on July 1st. The announcement comes as stocks fluctuate and demand rises in Europe as the summer travel season begins. Morocco and Mauritania account for the lion's share of frozen octopus imports into the EU. Sources say Italy's octopus stocks are almost exhausted, while Spain, where some stocks still remain, is seeing depletion. Inventory levels in these Mediterranean countries currently have a major impact on market ...

Source: Fishretail