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
Norway
Jul 7, 00:10 (GMT + 9):
Norwegian Seafood Exports Soar: Herring and Mackerel See Record Prices and Strong Demand in First Half of 2025
United States
Jul 7, 00:10 (GMT + 9):
End of an Era: Beloved US Lobster Purveyor Files for Bankruptcy After Decades of Service
Mexico
Jul 7, 00:10 (GMT + 9):
Mexico Bets Big on Tilapia Self-Sufficiency: Boosting Aquaculture as a Pillar of Food Sovereignty
Spain
Jul 7, 00:10 (GMT + 9):
Spanish Fishing Seeks Revival: II Seafood Forum Drives Innovation and Sustainability Amid Falling Consumption
France
Jul 7, 00:10 (GMT + 9):
Chilean Companies Successfully Boost Seafood Products in the French Market
Japan
Jul 7, 00:10 (GMT + 9):
Mori Trust Invests Big in Sustainable Land-Based Salmon Farming in Japan
Argentina
Jul 7, 00:00 (GMT + 9):
Argentina Authorizes U.S. Research Vessel Falkor (Too) to Conduct Scientific Work in National Waters
Uruguay
Jul 6, 00:10 (GMT + 9):
ALPESCAS Urges Resolution in Labor Conflict Threatening Uruguayan Industrial Fishing
United States
Jul 4, 15:00 (GMT + 9):
IN BRIEF - National Fisheries Institute Statement on Section 139L of the OBBB Act
Viet Nam
Jul 4, 07:00 (GMT + 9):
US Tariff Pressure Casts Shadow Over Vietnam's Seafood Exports, Slowing Growth in June
South Korea
Jul 4, 06:00 (GMT + 9):
South Korea's Frozen Mackerel Imports Skyrocket in First Half of 2025
China
Jul 4, 00:10 (GMT + 9):
Global Squid Prices See Significant Rise in June Driven by Supply Shocks
Norway
Jul 4, 00:10 (GMT + 9):
Norwegian Salmon and Trout Conquer Global Markets Amidst Shifting Tides
Norway
Jul 4, 00:10 (GMT + 9):
Norwegian Seafood Exports Hit Record High in First Half of 2025
Faroe Islands
Jul 4, 00:10 (GMT + 9):
Bakkafrost Reports Strong Q2 Harvests, But Scottish Mortality Costs Soar



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Scientists Convene in Shanghai to Discuss Giant Squid Conservation and Management
China Experts underscore the urgent need for enhanced biological and stock knowledge of the resource. Shanghai - The president of the Committee for the Sustainable Management of Giant Squid (CALAMASUR...
New Report Unlocks Opportunities for Norwegian Snow and King Crab in the U.S. Market
United States Fresh insights aim to strengthen Norway's premium position amid rising demand and unique market advantages. OSLO – Norway's seafood industry is strategically positioning itself globally, with sig...
Global Squid Prices See Significant Rise in June Driven by Supply Shocks
China The overall price index for China's ocean-going squid surged in June 2025, reaching 281.07 points. While the Southwest Atlantic saw a supply glut, sudden fishing closures in the Southeast Pacific and ...
Indonesian Fisheries Sector Sees Strong Growth in Q1 2025, Exports Up 6.5%
Indonesia Fisheries production rises 2%, signaling positive trends for national food security and economic contribution. JAKARTA – Indonesia's fisheries sector demonstrated robust growth in the first qua...
 

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