Latest trends. Issue 10/2018 October 2018 GROUNDFISH

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1 Latest trends Issue 10/2018 Index for prices The market is preparing for the Christmas sales period and demand is picking up. Prices are rising both for wild-caught species, such as cod, haddock, herring and octopus, and for aquacultured species such as mussels, oysters and cultured shrimp. Fishing quotas for the most important wild stocks will be reduced in 2019, and this should lead to further price hikes in the opening months of next year. The relatively weak euro is diminishing European importers ability to compete on the world market, while at the same time Chinese buyers are increasing purchases from all suppliers other than the United States of America due to the ongoing trade war. GROUNDFISH In Poland, cod prices have fallen back from the high levels reached last month while in Sweden, haddock prices have increased. In general, prices are trending upward for all types of groundfish products, from fresh to frozen to salted and dried. COD - in Poland (FOB, origin: Baltic Sea) USD/kg Groundfish 8 Flatfish 9 Tuna 11 Small Pelagics 11 Cephalopods 12 Crustaceans 16 Bivalves 19 Salmon 20 Trout 21 Freshwater fish 22 Non Traditional Species 23 Seabass-Seabream- Meagre 24 The European Fish Price Report, based on information supplied by industry correspondents, aims to provide guidance on broad price trends. Price information is indicative and should be used only for forecasting medium- and long-term trends. FAO is not responsible for any errors or omissions. Fresh gutted 1

2 Alaska pollock prices are set to increase all across the board, partly as a result of the trade war, but also because fishing has not been as good as anticipated in the Bering Sea. Cod prices are also expected to rise due to expected quota cuts next year in the North Atlantic and the Barents Sea, in addition to very poor fishing off North America s Atlantic coast that is showing no sign of improving. HADDOCK - H&G, origin: Norway NOK/kg H&G - < 800 gr/pc The end-of-year boost to demand for wet salted cod fillets in Italy is yet to take effect, but Iceland and the Faroe Islands have started to land good quantities of fresh fish for wet salted cod production and demand is likely to follow in the coming months. TUNA - BILLFISHES Tuna prices are on the rise in all major oceans at present, but the FAD closure in both the Western and the Eastern Pacific has now ended and a reversal of the trend is likely in the near future, particularly for skipjack. The Western and Central Pacific FAD closure ended on 30 September and fishing has improved to moderate-to-good. Carrier landings in Thailand have also increased with some carriers arriving from the Indian Ocean. Raw material inventories at local canneries are moderate. Due to the poor catches during the FAD closure period, skipjack prices have risen sharply in Bangkok. The current level is likely near the peak, however, and prices are expected to start moving down again in the near future as Western Pacific catches reach the market. TUNA - Pacific Ocean USD/kg Skipjack Bangkok CFR Skipjack Ecuador, ex-vessel Catches in the Indian Ocean have also improved to moderate-to-good although fishing effort is still being reduced due to the yellowfin quota. Raw material inventories at local canneries remain healthy and there has been an increase in carrier transhipment activities with fish cargo being diverted to Bangkok and Ecuador markets. Skipjack prices have risen while those for yellowfin have fallen slightly. The IATTC veda in the Eastern Pacific ended on 8 October, and while fishing has been moderately good, landings continue to be affected. Even with the continuing carrier arrivals from Atlantic Ocean, Indian Ocean and Western and Central Pacific, raw material inventories at local canneries remain at a low level. Skipjack and yellowfin prices remain high and demand for the processed product remains strong for the time being. 2

3 Catches in the Atlantic Ocean have improved to moderate-to-good and raw material inventories at local canneries are healthy. Skipjack prices continue to follow the uptrend in Bangkok while yellowfin prices remain stable. On the European market, meanwhile, prices for both skipjack and yellowfin continue to rise, while the market price for cooked, double cleaned yellowfin loins has also increased slightly. TUNA - Indian/Atlantic Oceans EUR/kg Skipjack, Seychelles, FOB Yellowfin, Seychelles, FOB Skipjack, Abidjan ex-vessel Yellowfin, Abidjan, > 10 kg, ex-vessel SMALL PELAGICS Norway mackerel prices are firming at present, and are likely to rise further on the back of a negative stock survey which will translate into lower catch quotas next year. Herring supply in Norway in good at present, but the situation is expected to deteriorate next year. It is likely both the North Sea herring and the Norwegian spring-spawning herring quotas will be reduced, which will probably lead to higher herring prices starting in November this year. CEPHALOPODS The supply of octopus from Indonesia has begun to increase following the start of the fishing season. However, volumes are likely to be affected by multiple natural disasters in several parts of the country. Overall, global octopus supply on the world market re mains tight and prices are very high. For cuttlefish, weak European demand and average prices are reported. Squid prices from South Africa stay stable, in view of limited catches and coldstorage holdings. SQUID - in Italy, origin: South Africa EUR/kg Squid - Whole, FAS, size M 3

4 CRUSTACEANS Disease in Sumatra and Java has impacted Indonesia shrimp production, leading to early harvests and significantly higher prices. Overall production from Indonesia is likely to be lower this year. Argentine shrimp is in limited supply, at least in comparison with the previous two years. Prices for larger sized shrimp are rising as a result, but prices for smaller sizes have remained stable. At present the differential between the largest and the smallest size is EUR 1.90 per kg, whereas last year this differential narrowed to as little as EUR 0.20 per kg. ARGENTINA RED SHRIMP - origin: Argentina EUR/kg > pc/kg > > > In Canada and the United States of America, the lobster fall season has started and conditions are challenging. Fishing in Maine has been poor, continuing a trend that started some 6 years ago, and this is driving up raw material prices in the United States of America. Demand for lobster tails on the US market is growing and this is also pushing prices up, while lobster meat demand is stable and prices are steady. The US- China trade war has seen higher tariffs applied to China s lobster imports from the United States, and this has led to increased demand for Canadian products. With reduced purchasing power due to a weakened currency, European lobster importers are now losing out to Chinese buyers. In addition, spring lobster inventories are low in Canada and in Europe, and market prices for these products are likely to rise, potentially prompting a switch to American or Caribbean lobster. Meanwhile, crab prices are expected to remain firm due to poor catches at the beginning of the season and strong international demand. EUROPEAN LOBSTER - in Europe, origin: CRAB - in France, origin: Europe EUR/kg EUR/kg / gr/pc kg/pc 4

5 BIVALVES The French mussel market is currently comprised mainly of French mussels, both rope and Bouchot, and Dutch bottom mussels. The season for the latter species commenced in early August, around a month later than usual due to slow spring growth. Dutch mussels are smaller this year as a result, but meat content is reported to be good and prices are expected to be strong. MUSSEL BOUCHOT - in France According to the oyster mortality monitoring bulletin from the French scientific institution IFREMER dated 28/09/2018, the average cumulative mortality rate is 67.5 percent at the national level for seed oysters. Juvenile and adult oyster mortalities are reportedly around 12.1 percent and 9.2 percent respectively. These figures are higher than in 2017 and the tighter supply should see prices remain firm this year. EUR/kg Monthly average consumer prices in metropolitan SALMON NOK export prices for Norwegian farmed Atlantic salmon were marginally below last year s levels as of week 40. Although there has been significant divergence in price trends across different sizes, with 7-8, 8-9 and 9+ kg fish still spiking above NOK 80 in late September and early October, Fish Pool Index reports an average export price for fresh whole Atlantics of NOK per kg in week 40, compared with NOK per kg in the same week in There has been a steadily decline from the peak of over NOK 80 reached in May this year, broadly following the seasonal trend that is typically observed after summer growth pushes biomass limits and harvest volumes rise. A strengthening of the krone versus the euro has also helped to bring prices down over the third quarter, although krone weakness versus the euro earlier in the year was a factor behind increased Norwegian exports to the EU market so far in Poland, France, the UK and Italy in particular have seen significant increases in imports of farmed salmon from Norway this year. Salmon export volumes out of Norway were marginally below 2017 levels throughout September but the total for the first 9 months of 2018 was some 7 percent above the equivalent period last year. Around tonnes of this volume was exported as fresh, whole product, making up around 75 percent of the total. In the United Kingdom, spot prices for Scottish farmed Atlantics in early October were approximately on a par with last year s levels, at around GBP 5.60 per kg. 5 Salmon - origin: Norway NOK/kg

6 Reports are emerging of biological issues at some Norwegian salmon aquaculture sites and downward revisions of total standing biomass in the pens has limited expectations for future supply growth in Norway. With end-of-year demand expected to kick in over the next month or so, the trend in farmed salmon prices is likely to turn upward in the near future. The average forward price for October as a whole was NOK per kg at Fish Pool in mid-october, while the same source reported forward prices of NOK and NOK for November and December respectively. TROUT The supply of Norwegian trout has been more plentiful this year after a couple of years of relative shortage, and price trends are reflecting this development. Prices for fresh whole trout were down to NOK per kg in week 39, 4 percent below the same week in At the same time, exports of trout out of Norway were up by 27 percent in volume terms. In the first 9 months of Belarus and the United States of America are increasingly important markets for Norway s trout exporters, and their share of total exports has risen this year. FRESHWATER FISH Price trends for carp in Hungary are steady at present. Sales campaigns have been launched for some carp products. Demand is expected to increase towards the end of the year, with substantial price increases. Pangasius imports into the EU continue to decline. Imports into Spain, traditionally the main market of this product declined sharply from tonnes in the first half of 2016 to in the first half of 2017 and finally to a mere tonnes in the same period of Negative press was the main reason for this sharp drop in imports. CARP - in Europe, origin: Hungary HUF/kg Carp - whole - live Carp - Fillets, fresh on ice Carp - Slices, fresh on ice 6

7 SEABASS SEABREAM European market prices for farmed seabass are sharply down in October compared with the same month in 2018, as markets struggle to absorb excess quantities of cheap Turkish fish. Greek g fresh bass are selling on the Italian market at EUR 4.30 per kg, EUR 0.70 below last October, while bream prices were down EUR 0.10 over the same period. This a continuation of a price trend in 2018 that has been noticeably flat all year in comparison with the typical seasonal pattern which sees restaurant demand lift prices during the summer months. In addition to large volumes of Turkish exports, additional drivers behind the price decline included a severely weakened Turkish lira and Greek production levels that remain high in 2018 after rising significantly in Although progress has been made in developing alternative markets, particularly in Turkey s case, the sector as a whole is still heavily dependent on the core EU markets of Italy, Spain and France, and available demand is insufficient to cope with such a rapid rise in harvest volumes. SEABASS/SEABREAM - in Italy origin: Greece EUR/kg Seabass fresh whole gr/pc Seabream fresh whole gr/pc In Turkey, economic conditions are becoming increasingly difficult and the domestic market is suffering, with potentially serious financial implications for the industry there. On the market side, the recent launch of an Aquaculture Stewardship Council (ASC) standard for bass, bream and meagre may help to provide some differentiation in the market and protect business margins. 7

8 GROUNDFISH Cod/Cabillaud, Morue/ Fresh gutted Poland FOB Baltic Sea Bacalao IQF portion, single frozen g/pc Italy CIF Iceland Gadus morhua Fresh - fillet g/pc CPT Denmark Fresh - Whole 1-2 kg/pc Fresh gutted 2-3 kg/pc Fresh - fillet g/pc Poland Fillet- IQF g/pc = FCA Spain CIF Fillet - wet salted - 1st quality g/pc = Italy DDP Iceland produced from fresh raw material Portion single frozen, 10% glaze g/pc CIF Stockfish 700 g/pc = DDP Norway g/pc FCA Gadus macrocephalus Fillet - wet salted - 1st quality g/pc Italy CIP Denmark produced from frozen raw material Fillet- thawed H&G 1-2 lb/pc Europe CIF Alaska/USA Whole, longline Hake/Merlu/Merluza Minced block = Namibia FOB Namibia Merluccius capensis for Spanish market IQF portion, trapeze g/pc = Italy CIF IQF g/pc Europe DDP South Africa Merluccius merluccius Fresh - whole g/pc Italy CPT Croatia = Fresh - gutted g/pc Merluccius productus Fillet, PBO = Spain EXW USA Minced block = Alaska pollack/lieu H&G Russian Fed. Russian Fed. de l'alaska/colín > wholesale Vladivostok de Alaska > Theragra chalcogramma > wholesale Moscow Surimi (Alaska pollack) Stick - Paprika 250 g/pc France CFR Spain Hoki H&G g/pc Spain FOB Macruronus magellanicus Haddock/Eglefin/Eglofino H&G < 0.8 kg/pc NOK Sweden FCA Norway Melanogrammus aeglefinus Ling/Lingue franche/ Fillet - wet salted kg/pc = Italy DDP Faeroe Islands Maruca Produced from fresh raw material Molva molva 1st quality 8

9 GROUNDFISH (cont.) Monkfish/Baudroie/ Fresh - Tail < 0.3 kg/pc Italy CPT UK Rape Lophius spp > Fresh - whole kg/pc FCA France John Dory/ Frozen skin-on g/pc Germany CFR China Saint Pierre PBO, chemical free, 100% net Pez de San Pedro weight, IQF,Bulk, frozen weight Zeus faber +count Fresh whole 1-2 kg/pc France wholesale France Fresh - gutted g/pc Italy CPT Senegal = Fresh- whole g/pc FCA Spain Sand steenbras/ Fresh g/pc Morocco Marbré/ Herrera 500/ Lithognathus mormyrus 700/ FLATFISH Mixed Turbot/Rodaballo Fresh - whole kg/pc Spain CIF Spain Psetta maxima farmed Fresh - whole < 0.5 kg/pc Netherlands wild Fresh - whole kg/pc Italy CPT Spain/Portugal farmed =

10 FLATFISH (cont.) Turbot/Rodaballo Fresh - whole kg/pc Italy CPT Netherlands Psetta maxima wild > Fresh - gutted 0.7-1kg/pc Sole/Sole/ Fresh - whole < 175 g/pc Spain CIF Netherlands Lenguado wild Solea vulgaris Fresh - whole g/pc France wild No Italy CPT No No Fresh - whole No Netherlands No No Fresh - gutted No No No No Sole/Sole/ Fresh - whole No Italy CIF Netherlands Lenguado No Solea vulgaris No European plaice/ Fresh - whole g/pc Spain CIF Plie d'europe/ Solla europea > Pleuronectes platessa IQF, white skin-on, 25% glaze No Netherlands FOB IQF skin-off, 25% glaze for Italian market European Flounder/ Fresh - fillets skin-on Large Italy CPT Flet d'europe/ skinless Large Platija europea whole Platichthys flesus FCA CPT Denmark Scophthalmus rhombus Fresh, whole g/pc Netherlands Fresh, gutted g/pc Yellowtail flounder/ Frozen- whole Large Europe CIF North Atlantic Limande à queue jaune/ H&G Canada Limanda Limanda ferruginea Common dab/ Limande/ Frozen- whole Small Limanda Large Limanda limanda Greenland Halibut/ Fillet - skinoff, boneless, No quotations Denmark FOB Greenland Reinhardtius hippoglossoides blockfrozen 10

11 TUNAS/BILLFISHES Tuna/Thon/Atún Skipjack - whole Bangkok CFR Western/Central Thunnus spp FOB Pacific Ocean Skipjack - whole = Ecuador Eastern Tropical Yellowfin - whole = ex-vessel Pacific Ocean Skipjack - whole Seychelles Indian Ocean Yellowfin - whole FOB Skipjack - whole Abidjan Atlantic Ocean Yellowfin - whole > 10 kg = ex-vessel Skipjack - whole kg/pc Spain CFR Various origins Yellowfin - whole > 10 kg Skipjack - cooked & cleaned double cleaned Italy DDP Solomon Islands loins - vacuum packed Yellowfin - cooked & cleaned double cleaned Kenya/Mauriloins - vacuum packed tius/solomon Is. Skipjack > 1.8 kg/pc Tunisia CFR Ivory Coast/Seychelles Ghana Yellowfin- whole > 10 kg Spain DAT Atlantic Ocean 3-10 kg/pc Yellowfin- frozen loins DDP Eastern Pacific Skipjack - whole > 3.5 kg DAT Atlantic Ocean Skipjack- frozen loins DDP Eastern Pacific Bigeye- frozen loins Bigeye- whole > 10 kg DAT Atlantic Ocean Skipjack - whole Europe CFR Ecuador Yellowfin - pre-cooked loins double cleaned = single cleaned = Skipjack - pre-cooked loins = Swordfish/Espadon/ Fresh- whole France, wholesale Atlantic Pez espada Frozen- filet, vacuum = Spain Xiphias gladius Fresh - gutted < 12 kg/pc Italy FCA Whole Mediterranean Whole Atlantic Morocco > SMALL PELAGICS Mackerel/Maquereau/ Fresh - whole Italy CPT Belgium Caballa UK Croatia Scomber scombrus Norway France 4-6 pc/kg Fresh - Fillets butterfly cut Indian mackerel/ Whole, IQF 1-6 pc/kg Tanzania CIF Yemen Maquereau des Indes Whole, frozen block Caballa de la India Rastrelliger kanagurta 4-6 pc/kg Thailand CIF 11

12 SMALL PELAGICS (cont.) Mackerel/Maquereau/ Whole 3-4 pc/kg Spain FOB Spain Caballa Scomber scombrus Horse Mackerel/ Whole > 24 cm/pc Morocco FOB for Morocco Chincard/ Jurel European market Trachurus spp Herring/Hareng/Arenque Fresh - fillet Italy CPT Denmark Clupeidae Fresh - whole g/pc Russian Fed. Russian Fed. > wholesale Moscow > Russian Fed. > wholesale Vladivostok > g/pc Poland FOB Baltic Sprat/Sprat/Espadín Fresh - whole Sprattus sprattus Sardine/Sardine/ Sardina Fresh - whole Italy CPT Croatia Spain Sardina pilchardus Italy France Fresh - fillet UK FCA Spain Whole, IQF, 3% glaze Croatia H& G = CPT Italy CEPHALOPODS Squid/Encornet/Calamar Whole S (< 18 cm) Italy CIF South Africa Loligo spp. M (18-25) L (25-30) XL (>30) S (< 18 cm) Europe CFR M (18-25) L (25-30) XL (>30) S (< 18 cm) Italy EXW M (18-25) = Frozen cm Europe CIF USA whole, block frozen < India > Loligo gayi Whole cm Italy EXW Falkland/ Malvinas Isl Squid tentacles CPT Whole, thawed Argentina 12

13 CEPHALOPODS (cont.) Loligo vulgaris Fresh - whole g/pc Italy FCA Morocco < 100 g/pc CPT UK Croatia g/pc France Whole, IWP, block cm CIF Morocco FOB cm CIF cm FOB Whole, block cm CIF cm FOB 6-10 cm CIF Thawed cm CPT cm g/pc France Squid/Encornet/Calamar Whole 2 small Mauritania FOB Mauritania Loligo vulgaris 3 small for European market 4 small small medium large Loligo forbesi Fresh - whole g/pc Italy CPT Portugal Loligo duvaucelli Whole block Europe CIF India Whole cleaned, block frozen, < Germany CFR 20% glaze < Squid/Encornet/Calamar < China Loligo chinensis Dosidicus gigas Raw fillet 2-4 kg/pc Europe CFR Chile Peru Raw tentacle 1-2, 2-3 kg/pc Chile < 1, Peru > Raw wings Chile whole without cartilage Peru Necks Chile open with cartilage Peru Darum membraneless Boiled wings - skin-on

14 CEPHALOPODS (cont.) Squid/Encornet/Calamar Squid rings - thawed Italy CPT Peru Dosidicus gigas Squid stripes - thawed Squid tentacles Octopus/Poulpe/Pulpo Whole- FAS T Morocco Octopus vulgaris T Whole, cleaned, thawed Whole, thawed T = T = Whole, bloc T FOB CIF T FOB Fresh T = CPT Italy T FCA Portugal T T Spain Whole - FAS T Morocco FOB, Morocco T for Spanish market T T T Sushi slice 7 g/pc Europe CFR Indonesia 100% net weight 9 g boiled cut % net weight Flower type 1-2 kg/pc % net weight > Frozen in land, pots and T Mauritania FOB Mauritania glaciers, 1 and 2 T T T T T FAS T T T T T T Octopus/Poulpe/Pulpo Fresh Italy CPT Croatia Eledone moschata FCA France CPT Italy FCA Spain extra CPT Croatia small medium Frozen g/pc EXW Tunisia < Fresh France, wholesale Europe Frozen

15 CEPHALOPODS (cont.) Cuttlefish/Seiche/ Whole, cleaned, IQF < 10 pc/kg Germany CFR India Sepia 20% glaze Sepia spp. Fresh - whole g/pc Italy CPT France/UK Fresh - whole, superior g/pc Frozen- whole g/pc CFR Yemen Frozen at land- whole block g/pc Vietnam CIF > FAS- whole block g/pc Frozen- whole g/pc Europe CIF g/pc Italy CIF Oman IQF, cleaned, 20% glaze g/pc FOB Morocco = = = = Frozen, whole block < 10 pc/kg Europe India CIF Frozen, whole block, cleaned Whole, cleaned, 5*4 kg block 5-7 pc/kg CFR 10% glaze Whole, cleaned, 10kg pack 5-7 pc/kg % glaze, IQF Fresh- whole, cleaned = France wholesale France = Europe Frozen, whole Medium Small Frozen, slices = 15

16 CRUSTACEANS Whiteleg shrimp/ PD, chemical treatment pc/lb Europe CFR Indonesia Crevette pattes 100% net weight blanches/camarón treated with non-phosphate patiblanco Penaeus vannamei PUDT, 6*2 block, pc/kg India 100% net weight PD, 6*2 block, pc/lb % net weight PD, IQF 20 % glaze, treated pc/ lb Germany CFR PD, cooked, IQF, 20 % glaze pc/ lb Vietnam Whiteleg shrimp/ Head-on, Shell-on pc/kg South/Central Central America Crevette pattes America CIF blanches/camarón for European main patiblanco ports Penaeus vannamei > Giant river prawn/ HLSO Easy peel, <5 pc/lb Germany CFR Bangladesh Bouquet géant/ IQF, 25 % glaze, 75 % net Langostino de río weight Macrobrachium rosenbergii Argentine red shrimp/ Head-on, shell-on pc/kg Spain EXW Argentina Salicoque rouge/ d'argentine/camarón = langostín argentino = Pleoticus muelleri pc/kg Europe CIF Headless, IQF pc/kg Tails pc/kg Brown shrimp/ HLSO 7-12 pc/lb Ecuador Crevette grise du Sud/ Camarón café sureño Penaeus subtilis Scarlet shrimp/ Head-on, shell-on 8-12 pc/lb = Suriname Gambon écarlate/ Gamba carabinero Plesiopenaeus edwardsianus 16

17 CRUSTACEANS (cont.) Black tiger/crevette Headless 8-12 pc/lb Russian Fed. CFR Bangladesh tigrée/camarón tigre 30% glaze, IQF Penaeus monodon Headless, shell-on, block pc/kg Europe CFR Belgium frozen HOSO, net weight, net count pc/kg India block frozen Deep-water rose shrimp/ Fresh - Peeled tail Mixed Italy CPT Italy Crevette rose du large/ Croatia Gamba de altura/ Peeled, 25% glaze, IQF pc/kg Tunisia Parapenaeus longirostris Farmed, organic, cooked pc/kg = France, wholesale Madagascar = = Farmed, cooked = Fresh, organic, shell-on pc/kg = Northern prawn/ Fresh Spain CIF Denmark Crevette nordique/ Camarón norteño Pandalus borealis Common shrimp/ Fresh, shell-on Netherlands Crevette grise/quisquilla Crangon crangon Head-on, shell-on Fresh, shell-on pc/kg France, wholesale Europe/ Frozen, cooked, wild = Northern Europe Norway lobster/ Fresh - Whole 5-16 pc/kg = France Langoustine/Cigala Nephrops norvegicus = = Frozen- Whole, cooked = Europe Fresh - Whole, raw, bulk Retail Fresh - Whole, cooked bulk Fresh - Whole 3-5 pc/kg na Spain DDP Netherlands 4X1.5 kg

18 CRUSTACEANS (cont.) Norway lobster/ Fresh - Whole, 4X1.5 kg Spain DDP Netherlands Langoustine/Cigala Nephrops norvegicus Tails Whole 00 pc/kg Spain CIF Scotland Fresh - whole pc/kg Netherlands Fresh - whole, head 6-9 pc/kg Italy CPT Denmark/ UK European lobster/ Live - bulk g/pc France delivered Ireland Homard européen/ to French vivier Bogavante Fresh - whole Large Italy CPT UK Homarus gammarus small g/pc > 1kg American lobster/ Live hard shell Canada Homard américain/ > 3000g Bogavante americano Live hard shell g USA Homarus americanus Live soft shell Popsicle < 450 g/pc CAN Canada FOB Canada (canner size) for European mkt > 450 CAN (market size) Whole cooked netted lobster canners CAN Europe CIF market CAN Live Caribbean spiny lobster/ Tails 5-6 oz Europe CIF Nicaragua Langouste blanche/ 7-9 oz Langosta común del Caribe oz Panulirus argus Whole, raw Cooked Scalloped spiny lobster/ Whole g Taiwan CIF Yemen Langouste festonnée/ Langosta festoneada > Whole, IWP g Europe CIF Panulirus homarus

19 CRUSTACEANS (cont.) Edible crab/tourteau/ Live, bulk T2 (13-16 cm) France Auction France Buey de mar g Cancer pagurus > 1kg Spinous spider crab/ Fresh - female Italy CPT UK Araignée européenne/ male Centolla europea/ female France Maja squinado male Fresh-female small male small Snow crab/ crabe des Frozen- meat Europe CIF Chile neiges/ Cangrejo de las nieves Chionoecetes opilio BIVALVES Oyster/Huître/Ostra Live No = France prod. Price/ Ireland/France Crassostrea gigas average export price g/pc Spain CIF Netherlands Ostrea edulis g/pc Netherlands > Mussel/Moule/Mejillón Live - Bottom mussel Bulk = France wholesale France Mytilus edulis = Netherlands Mytilus galloprovincialis Live - Rope pc/kg = Spain Fresh pc/kg no quotation Spanish market EXW Fresh - whole Italy CPT Italy Italy = FCA Spain Mussel/Moule/Mejillón Fresh - whole = Italy CPT Spain Mytilus galloprovincialis skin-packed FCA CPT Mytilus chilensis IQF - shell-off, 7% glaze pc/kg = CIF Chile Cooked mussel meat IQF pc/kg France CIF Mussel/Moule/Mejillón IQF mussel meat Europe CFR Chile Mytilus chilensis Whole, Vacuum Packed with Sauces Vacuum Packed without Sauces IQF Half Shell Mussels Razor shell/couteau/ Fresh S Spain CIF Ireland Navajas - Solenidae M L Live cm/pc Netherlands Scallops Europe CIF US

20 BIVALVES (cont.) Great atlantic scalop/ Fresh whole shell, roe-on France wholesale France Coquille-St- Jacques/ Fresh whole shell, roe-off Vieira Fresh, meat, roe-on Pecten maximus Frozen, meat, roe-on = Europe Frozen, meat, roe-off = Fresh, whole shell, bulk, roe-on Retail Fresh, whole shell, bulk, roe-off Lyrate hard clam/ Vietnam cythérée lyre Cooked Europe CIF Meretrix lyrata IQF Asiatic hard clam/ Thailand Cythérée commune Meretrix Meretrix Hard clam/ Praire = France wholesale France Chirla mercenaria Mercenaria mercenaria Japanese carpet shell Large = Palourde japonaise/ almeja japonesa Venerupis philippinarum SALMON Atlantic salmon/ Fresh - gutted, head-on 2-3 kg/pc = France wholesale Norway Saumon de l'atlantique/ = Salmón del Atlántico Salmo salar kg/pc = Scotland Superior quality Smoked- Fillet, vaccuum 1-2 kg/pc reconstituted sides Fresh- Fillet 3-4 kg/pc Norway Smoked- Fillet, vaccuum 1-2 kg/pc reconstituted sides Fresh - gutted, head-on, 2-3 kg/pc Spain CIF Scotland Superior quality Fresh - gutted, head-on 1-2 kg/pc NOK Norway FOB Norway 2-3 NOK NOK NOK NOK NOK NOK NOK > 9 NOK

21 SALMON (cont.) Atlantic salmon/ Fresh 3-4 kg/pc Spain CFR Norway Saumon de l'atlantique/ gutted, head-on 4-5 kg/pc = Tunisia CFR Salmón del Atlántico Salmo salar IQF - salmon slices Europe CFR Fresh - salmon cubes 8x8x Fresh - Whole - Superior 2-3 kg/pc Italy DDP Norway Fresh- Whole Fillet, cooked FCA Italy IQF portion, 10% glazing g/pc = Denmark Head-on, gutted, grade kg/pc Denmark DDP Chile Fillet, interleaved 1-2 lb/pc Fillet, VAC 1-2 lb/pc Fillet, IQF 2-3 lb/pc Bits and pieces Europe CIF scapped meat Pink salmon/ saumon rose/ green roe- Premium grade USA Salmón rosado green roe- Standard grade Oncorhynchus gorbuscha TROUT Trout/Truite/Trucha Whole, gutted, fresh on ice kg/pc HUF Hungary ex-farm Hungary Salmo trutta Fillet - farmed g/pc Italy ex-farm Italy Fresh - farmed g/pc Rainbow trout/ Fresh g/pc CPT Truite arc-en-ciel/ Gutted g/pc Trucha arco iris g/pc Oncorhynchus mykiss Fresh- whole France wholesale France Fillet = Fillet, smoked Whole, gutted, bulk Retail 21

22 FRESHWATER FISH Carp/Carpe/Carpa Live kg/pc HUF Hungary Hungary Cyprinus spp. Fresh, whole, gutted, head-off kg/pc HUF ex farm Fresh on ice - slices HUF EXW Fresh on ice - fillets HUF Crucian Carp/Carassin Live kg/pc HUF Carpín Carassius carassius Grass Carp/ Carpe Live kg/pc HUF chinoise/carpa China Fresh, whole, gutted, head-off HUF Ctenopharyngodon idellus Bighead carp/carpe à Fresh gutted, head-off kg/pc HUF grosse tête/carpa Fresh on ice - slices HUF capezona Fresh on ice - fillets HUF Aristichthys nobilis Live kg/pc HUF Nile perch/perche du Fillet - skinless g/pc EU CFR Uganda Nil/Perca del Nilo Interleaved, 100% net weight Lates niloticus Fresh whole g/pc Italy FCA yellow g/pc red g/pc Tanzania green g/pc Fresh fillet g/pc Fillet - skinless, PBI, IWP g/pc Spain CFR Pike perch/sandre/ - Fillet - skin-on- Wild HUF Hungary EXW Poland Lucioperca Fresh on ice- whole, gutted, kg/pc HUF Hungary Sander lucioperca head-on Nile Tilapia/Tilapia du Fillet - skinless, IQF, PBO 5-7 oz/pc Spain CFR China Nil/Tilapia del Nilo non-treated, 10% glaze Oreochromis niloticus North African catfish/ Fresh - fillets skinless HUF Hungary Hungary Poisson chat nord- Fresh - fillets skin-on HUF ex farm africaine/ pez gato Fresh, whole, gutted, head-off kg/pc HUF Clarias gariepinus Fresh, whole, gutted, head-on kg/pc HUF European catfish/ Live kg/pc HUF Hungary Hungary Silure glane/siluro HUF Silurus glanis Fresh on ice - slices HUF ex farm Fresh on ice - fillets HUF Striped catfish/silure Fillet, thawed Italy CIF Vietnam requin/tiburón pangasio Fillet, IQF, white - 20% glaze g/pc CPT Pangasius hypophthalmus Fillet, IQF, white - 5% glaze Fillet, IQF, white - 20% glaze Spain CFR Fillet, 100% net weight, IQF g/pc Fillet, 100% net weight, interlvd

23 NON-TRADITIONAL SPECIES Sturgeon/Sturgeon/ Frozen - Whole kg/pc = France CIF France Esturione Gutted 5-7 kg/pc = Acipenseridae Fillets g/pc = = A.baeri Caviar (Aquitaine) metal boxes = Ribbonfish g/pc Europe CFR Senegal Trichiurus lepturus Whole, IWP g/pc Taiwan CIF Yemen European eel/ Smoked Medium France wholesale Europe Anguille d'europe/ Anguila europea Anguilla anguilla Spinycheek Grouper/ 1-2 kg/pc Italy CPT Oman Mérou Épineux/ Mero Espinudo Epinephelus diacanthus Dusky grouper H&G 3-5 kg/pc Europe CIF Yemen Mérou noir/mero moreno > Epinephelus marginatus IWP, gutted > 3 kg/pc White grouper/ Whole, gutted 3-5 kg/pc Merou blanc/cherna de ley Epinephelus aeneus > Whole 1-2 kg/pc Italy FCA Mauritania Crimson jobfish Whole, gutted 2-3 kg/pc Europe CIF Yemen Colas fil/panchito hebra Pristipomoides filamentosus Spangled emperor/ Whole, gutted 1-2 kg/pc Empereur moris/ Emperador relámpago Lethrinus nebulosus IQF, H&G Common dolphinfish (Mahi Whole, gutted 2-3 kg/pc Mahi)/Coryphène commune/ Lampuga Coryphaena hippurus 23

24 SEABASS/SEABREAM/MEAGRE Seabass/Bar, Fresh - whole g/pc = Greece FOB Greece Loup/Lubina farmed = Dicentrarchus labrax = = = > = g/pc = Italy CIF = = = = > = Fresh - whole g/pc = France CIF Greece farmed = = = = > = g/pc = Spain CIF = = = = > = Seabass/Bar, Fresh - whole g/pc = Germany CIF Greece Loup/Lubina farmed = Dicentrarchus labrax = = = > = g/pc Portugal CIF > g/pc = UK CIF = = = = > = g/pc Italy FCA

25 SEABASS/SEABREAM/MEAGRE (cont.) Seabass/Bar, Italy FCA Greece Loup/Lubina Dicentrarchus labrax > g/pc Spain CIF Canary Island (Spain) = Wild g/pc France Fresh - whole - wild g/pc na Italy FCA Morocco Atlantic > 2000 na > 3000 na Fresh - whole - wild = Italy CPT Egypt Mediterranean = > Farmed - Orbetello Large = FCA Italy Medium = Small Gilthead seabream/ Fresh - whole g/pc = Greece FOB Greece Dorade royale/dorada farmed = Sparus aurata = = = > = g/pc = Italy CIF = = = = > = g/pc = France CIF = = = = > = 25

26 SEABASS/SEABREAM/MEAGRE (cont.) Gilthead seabream/ Fresh - whole g/pc = Spain CIF Greece Dorade royale/dorada farmed = Sparus aurata = = = > = g/pc = Germany CIF = = = = > = g/pc = Portugal CIF = = = = > = g/pc = UK CIF = = = = > = wild g/pc Italy FCA Morocco > = farmed g/pc Greece = wild g/pc CPT Egypt Pagrus pagrus g/pc Tunisia DAP Diplodus sargus CPT Senegal farmed g/pc Portugal farmed Orbetello Large FCA Italy Medium Small g/pc Morocco Japanese threadfin bream/ Whole g/pc Vietnam CIF Yemen Cohana japonaise/ Baga japonesa Whole, frozen at sea, block g/pc USA CIF Nemipterus japonicus >

27 SEABASS/SEABREAM/MEAGRE (cont.) Santer seabream/ g/pc Italy CPT Oman Denté nufar/dentón nufar Cheimerius nufar Meagre/Maigre Fresh - Whole g/pc Italy FCA Greece commun/corvina farmed Argyrosomus regius > > > 2000 g/pc CIF wild g/pc CPT Egypt = Fresh- whole, wild > 1000 g/pc France wholesale France 27

28 The European Fish Price Report is a monthly GLOBEFISH publication. This issue was prepared by Helga Josupeit, Nada Bougouss, Felix Dent, and Silvio Alejandro Ricardo Catalano Garcia. PRICE REFERENCE (INCOTERMS 2010) CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid To CPT Carriage Paid To DAT Delivered at Terminal DAP Delivered at Place DDP Delivered Duty Paid EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board PRODUCT FORM C&P FAS H&G HOG IQF IWP PBI PBO PD PTO PUD SYMBOLS Cooked and Peeled Frozen at Sea Headed and Gutted Head on Gutted (salmon) Individually Quick Frozen Individually Wrapped Pack Pinbone In Pinbone Off Peeled and Deveined Peeled Tail On Peeled, Undeveined + Price increased in original currency since last report - Price decreased in original currency since last report = Updated but unchanged price * New insertion Not updated since last issue CURRENCY RATES US$ EUR Canada CAD Hungary HUF Norway NOK USA USD 1.16 EU EUR 0.86 Denmark DKK Russia RUR Exchange Rates: GLOBEFISH Market Reports are available from the GLOBEFISH web site: All rights reserved. No part of FAO/GLOBEFISH European Fish Price Report may be reproduced, stored in a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying or otherwise), without prior permission. Requests for use of this material (including purpose and extent) should be addressed to: GLOBEFISH - Fisheries and Aquaculture Department - Food and Agriculture Organization, Viale delle Terme di Caracalla, Rome, Italy. 8

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