Octopus fishing season to start in Morocco, prices remain high

Published 2024년 12월 23일

Tridge summary

Morocco is set to begin its winter octopus fishing season on January 1, with initial predictions showing a positive outlook. The country, along with Mauritania, is a major supplier of octopus to the European Union and the UK. The price of octopus in the EU and the US has surged in recent months. At a recent meeting in Rabat, Morocco, the Octopus Fisheries Monitoring Committee discussed the improved resource status of octopus and other cephalopods off the Moroccan coast and focused on solutions to industry challenges. The country is implementing sustainable fishing practices through the 'Halieutis' strategic framework and plans to establish three committees to develop regulations for sustainable fishing gear management, regional demarcation, and the professionalization of fishing vessels.

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

Original content

Morocco's winter octopus fishing season will officially start in the early morning of January 1, and relevant departments predict that the initial fishing prospects are optimistic. Mauritania's octopus fishing season opened on December 1. An industry insider said that Mauritania's octopus supply is sufficient, but the price remains high. He cited data from a Mauritanian processor, saying that the prices of T1 and T2 octopus are $15.1, $14.9 and $15.8 per kilogram, respectively, depending on how the product is frozen, while the price of T6 ranges from $10.3 to $11 per kilogram. Morocco and Mauritania are the largest suppliers of octopus to the European Union and the United Kingdom. Data show that European octopus prices have risen sharply in recent months, and the price in 2024 is much higher than the 2023 level. At the same time, the import volume of octopus in the US market has increased in recent years, with Spain and India as its main suppliers. On December 17, Morocco held a ...

Source: Foodmate