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The latest price trends of bulk aquatic products in the European market in September

Published Dec 4, 2024

Tridge summary

The European aquatic products market has seen a decrease in prices due to an abundant supply of shrimp and squid, despite inflation control in the EU. However, demersal fish prices have increased by 10%. The demand for shrimp, lobsters, and crabs is high, but prices are low in major markets due to high supply. The price of tuna is falling due to a decline in demand for canned products. Cephalopod prices are fluctuating due to delays in shipments and an oversupply of Argentine squid. The veneto region of Italy is distributing clam seedlings to restore the clam farming industry, which has been affected by blue crabs and blue algae. Norwegian farmed Atlantic salmon and trout exports have seen record highs in August 2024. Turkey is the largest exporter of seabass, and Greece is the second largest.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the sufficient supply of important species such as shrimp and squid, and the current control of inflation in the EU, the overall price of European aquatic products has shown a downward trend. However, the price of demersal fish has performed exceptionally well, with a 10% increase between September 2023 and August 2024. The growth of disposable income of European residents has stimulated consumption to a certain extent. In the peak tourist season of summer 2024, the consumption of aquatic products was very good. As a more luxurious ingredient than red meat, the consumption of aquatic products in the catering industry has surged. The demand for shrimp and cephalopod aquatic products in Mediterranean countries The market is booming, but the prices of both are falling due to the high production in South America. Due to the strong demand for aquatic products in the catering industry, shrimp has increased its share of the market the most, with sales increasing by 10% in the ...
Source: Foodmate
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