Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Photo: Stockfile/FIS

The octopus fishing season ends in Morocco and with less fishing, the prices have fallen

Click on the flag for more information about Morocco MOROCCO
Thursday, September 21, 2023, 07:00 (GMT + 9)

The summer fishing season in Morocco, one of the world's largest octopus producing areas, ended on September 15, and the next fishing season is not expected until mid-December. This fishing season was delayed by a month, starting on July 15 and lasting only 2 months. The quota for this season (14,400 tons) has not been fulfilled, and the fishing volume has declined compared with previous years.

Before the start of the fishing season, despite the slowdown in market demand, prices rose sharply and were close to historical highs due to the combined effects of supply shortages, inflation and other factors.

Until the opening of the fishing season in July, although the fishing volume this season was not ideal, prices began to fall due to slow sales this summer.

The summer holidays are often a peak season for seafood consumption, but this year many important European markets have reduced spending on non-essential items including squid and dining out. According to sources, demand this summer has decreased by 8-13% compared with last year. As a result, many squid processors have postponed purchases, hoping to wait until prices fall before making a move.

Compared with August, the price of T3 size octopus dropped from 13.35 euros/kg to 12.40 euros/kg, T4 size octopus dropped from 12.85 euros/kg to 10.40 euros/kg, and T5 size octopus dropped from 12.30 euros/kg. to €9.30/kg. The price for sizes T1-T3 is around €15/kg, with a smaller drop.

In general, products with larger sizes and better quality have experienced smaller declines, while small-sized octopuses have experienced significant declines. Buyers in Italy and Spain are more interested in small-sized octopus, especially T6/T7 sizes priced as low as 7-8 euros/kg.

Just before the end of the Moroccan fishing season, European buyers began to purchase octopus for the new season, and sales of Moroccan octopus increased significantly.

Meanwhile, fishing in Mauritania, another major octopus producing region, stopped about two weeks ago due to low catches, although the season officially continues until later this month.

Because catches in Morocco and Mauritania have declined at the same time, and the next catch will not be until mid-December, most market participants do not expect octopus prices to fall further in the coming months.

Octopus sales drop in 2023, prices expected to drop

According to a market report released by the Food and Agriculture Organization of the United Nations (FAO) in August, market demand for octopus will decline in 2023 and prices will fall.

Statistics show that global octopus fishing has increased year by year, with the number ranging from 350,000 tons to 400,000 tons in the past 10 years. Biologists believe this is unsustainable and some reduction in supply is expected. Either because of measures to achieve sustainability or because landings will decline as the resource becomes depleted. Since landings peaked at 402,000 tonnes in 2017, catches have fallen by about 6% to 7%.

Octopus is a popular food during festivals, especially in the Mediterranean region, where demand for octopus is high during the summer holidays.

However, statistics show that global sales are declining. If the fishing season goes well, prices will drop slightly. So far in 2023, the average price of octopus is higher than last year. The impact of inflation on consumer spending remains uncertain. Some believe prices will increase as the season begins and products become available.

However, some observers do believe that octopus prices will fall due to lower demand. Inflation and reduced purchasing power will severely impact the overall market for seafood, including octopus.

Source: Zhejiang Zhoushan International Agricultural Products Trade Center (translated from original in chinese)

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Spain
Jul 11, 06:00 (GMT + 9):
PERTE Mar-Industria Success: €40 Million Allocated to Boost Sector Investment and Sustainability
Iceland
Jul 11, 06:00 (GMT + 9):
MMC First Process to Deliver Advanced Fish Welfare System for Samherji Fiskeldi's Icelandic 'Salmon Garden'
Kenya
Jul 11, 06:00 (GMT + 9):
Victory Farms Pioneers Sustainable Tilapia Farming in Africa, Joins ASC Improver Programme
Morocco
Jul 11, 00:10 (GMT + 9):
Morocco's Aquaculture Sector Flourishes, Targeting 71,000 Tonnes Annually
Norway
Jul 11, 00:10 (GMT + 9):
BioMar More Than Doubles Vitamin D Levels in Salmon Diets, Enhancing Fish Health and Consumer Nutritional Value
Argentina
Jul 11, 00:10 (GMT + 9):
Argentina's Fisheries Exports until May 2025: Squid Drives Growth, Shrimp Suffers Drastic Fall
France
Jul 11, 00:10 (GMT + 9):
Norway Dictates Global Salmon Market as Prices Trend Downward in 2025
Chile
Jul 11, 00:00 (GMT + 9):
Other media | MundoAcuicola: Australis advances its antibiotic-free production and strengthens health monitoring
Spain
Jul 11, 00:00 (GMT + 9):
Other Media | Industrias Pesqueras: Pesca España raises its voice against illegal fishing during Vigo SeaFest
Norway
Jul 11, 00:00 (GMT + 9):
Other Media | Fish Focus: Norwegian salmon continues to lead global sushi category
Norway
Jul 11, 00:00 (GMT + 9):
Other Media | fishfarmingexpert: Robot net cleaner maker Remora raises £12m for expansion
Peru
Jul 10, 06:00 (GMT + 9):
IMARPE Debunks Single Jumbo Squid Population Theory in the South Pacific
United States
Jul 10, 05:30 (GMT + 9):
ASMI: 2025 Weekly Alaska Salmon Harvest Update #4
Argentina
Jul 10, 05:00 (GMT + 9):
IN BRIEF - Subarea 12 in Argentina Opens for Commercial Shrimp Fishing
Russian Federation
Jul 10, 02:30 (GMT + 9):
Russian Far East Reports Strong Start to 2025 Salmon Fishing Season



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Norwegian Cod Exports Navigate Quota Cuts with Record-High Prices and Strategic Market Shifts
Norway Despite significant volume drops across categories, Norway's cod industry secures unprecedented values for fresh, frozen, and cured products, buoyed by strong demand and the growing role of farmed cod...
Norwegian Shellfish Exports Shatter Records: King Crab, Snow Crab, and Prawns Drive Unprecedented Growth in First Half of 2025
Norway Surging demand, strategic market shifts, and increased quotas fuel a multi-billion dollar bonanza for Norway's valuable crustaceans. OSLO – Norway's prized shellfish sector has reported an extr...
Galician Fleet Sets Sail for Falklands with Cautious Optimism Amid Loligo Squid Uncertainty
Spain Despite sharp declines in recent seasons and unanswered questions about stock migration, nearly 1,000 crew members embark on a crucial four-month campaign vital to the region's economy. Vigo/Mar&iacu...
IMARPE Debunks Single Jumbo Squid Population Theory in the South Pacific
Peru Peru's Marine Institute (IMARPE) has refuted recent statements suggesting a single jumbo squid population unit in the South Pacific, asserting that no conclusive scientific evidence supports this clai...
 

Umios Corporation | Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Aquaculture Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2025 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER