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Squid/Octopus

 
Report Date: Wednesday, May 03, 2017
 
 
 

This report focuses on catch volumes of different species of cephalopods in the EU and Argentina. We also inform on fishing bans, prices, inventories, markets, imports and exports of the species in the index.

INDEX

 
1. EUROPE

1.1 European Union - squid, cuttlefish, shortfin squid and octopus

 
2. SOUTH AMERICA
2.1 Argentina - squid
 

 

1. EUROPE

1.1 European Union

Squid, shortfin squid, cuttlefish and octopus

Spain

According to the President of Vigo's Vessel Owners Cooperative (ARVI in Spanish), there are 16 vessels of the Spanish fleet fishing in the Falkland Islands and the squid season started on 27 February and will finish at the end of April. To date, volumes of Loligo squid are higher than 500 tonnes a day. Last year, they reached almost 46,000 tonnes.

On Mercabarna, total supplies of cephalopods increased by 115 tonnes in March, compared with the previous month, up 15%. Frozen products rose by 23% and fresh ones by 10%. These increases were registered in all species, except for fresh squid that dropped by 30% and frozen squid fried in butter with a moderate drop of 5%. The most significant increases were those in frozen national squid, fresh squid and fresh giant squid.

On Mercamadrid, in March, supplies of cephalopods declined by 186 tonnes, down 13% on those of February. This decline in total cephalopod supplies is due to an important drop in fresh squid supplies, which also took place in Mercabarna. The most important increases were those in frozen squid, especially national, frozen octopus and fresh octopus.

Table 1: Supplies of cephalopods in Mercamadrid

Item

Volume (kg)

Variation (%)

March

February

Frozen

Boston squid

46,112

27,615

67

California squid

98,805

59,179

67

Indian squid

98,805

59,179

67

National squid

263,484

157,815

67

Patagonian squid

151,504

90,739

67

Squids fried in butter

47,482

18,795

153

Small squid

11,170

936

1,093

Clean cuttlefish

29,518

33,440

-12

Dirty cuttlefish

7,379

8,360

-12

Galician octopus

136,958

66,522

106

Thai octopus

58,699

28,511

106

Shortfin squid

22,564

1,535

1,370

Fresh

Shortfin squid rings

1,704

15,500

-89

Squid

211,495

776,028

-73

Small squid

 

49,729

-

Giant squid

11,466

9,388

22

Cooked octopus

36,526

24,696

48

Large octopus

12,176

8,231

48

Medium-sized octopus

12,176

8,231

48

General total

1,258,023

1,444,429

-13

 Source: Mercamadrid

France

Volumes landed at French ports during March declined in the case of squid and rose slightly in the case of cuttlefish. The main ports were Oleron with 71 tonnes, Boulogne/Mer with 63 tonnes, Le Guilvinec with 58 tonnes and Les Sables D'olonne with 49 tonnes.

Table 2: Volumes landed at French national markets

Species

Volumes in 2017 (t)

Cumulative volume Jan/Mar (t)

March

February

% of variation

Year 2017

Year 2016

% of variation

Squid

101,171

239,034

-58

882

276

220

Cuttlefish

296,003

270,443

9

922

7

-

 Source: FranceAgriMer

Italy

At Italian ports, during March, volumes of the all species analysed declined. The most important drops were those in horned octopus and cuttlefish. The main ports were San Benedetto de Tronto and Ancona.

Table 3: Volumes landed at Italian ports

Species

Volumes in 2017 (t)

Cumulative volume Jan/Mar (t)

March

February

% of variation

Year 2017

Year 2016

% of variation

Squid

5,661

8,400

-33

23

25

-8

Bobtail

393

796

-51

2

3

-32

Giant squid

577

1,263

-54

4

8

-52

Shortfin squid

10,971

11,523

-5

30

39

-25

Octopus

7,078

8,608

-18

22

21

6

Horned octopus

24,192

32,762

-26

71

63

13

Cuttlefish

36,089

46,143

-22

110

115

-4

 Source: ISMEA (Istituto di Servizi per il mercato agricolo e alimentare)

Denmark

Volumes of squid supplies on Danish markets declined by 2.7 tonnes in March, compared with the previous month.

Table 4: Volumes landed on Danish markets

Species

Volumes in 2017 (t)

March

February

% of variation

Squid

1,585

4,290

-63

 Source: Fiskeauktion.dk

Prices

Spain

On Mercabarna, in March, prices of frozen cephalopods increased by an average of 2% and fresh ones declined by 1%. Regarding frozen products, the most important drops were registered in Patagonian squid and Boston squid and the most significant increases were those in frozen Galician octopus and frozen squid fried in butter. As regards fresh products, the most important drops were those in small squid as a consequence of a rise in supplies. The most significant rise was that in fresh squid, because of a drop in supplies.

On Mercamadrid, prices remained stable in most species analysed, except for fresh squid that reported a rise because of a drop in supplies.

Table 5: Prices on the wholesale market
of Mercamadrid, January-March 2017

Item

Average price (EUR/kg)

Variation (%)

March

February

Frozen

Boston squid

4.51

4.51

0

Californian squid

3.01

3.01

0

Indian squid

4.51

4.51

0

National squid

6.80

6.80

0

Patagonian squid

3.50

3.50

0

Squids fried in butter

3.01

3.01

0

Small squid

5.71

5.71

0

Clean cuttlefish

5.11

5.11

0

Dirty cuttlefish

4.06

4.06

0

Galician octopus

8.41

8.41

0

Thai octopus

5.41

5.41

0

Shortfin squid

2.70

2.70

0

Fresh

Shortfin squid rings

3.01

3.01

0

Squid

13.50

9.80

38

Small squid

 

8.50

-

Giant squid

5.11

5.11

0

Cooked octopus

22.50

22.50

0

Large octopus

11.50

11.50

0

Medium-sized octopus

8.50

8.50

0

 Source: Mercamadrid

France

On French first-sale markets, during March, prices of squid increased because of a drop in supplies and that of cuttlefish declined due to higher supplies.

Table 6: Average prices at French ports,
March-February 2017, in EUR/kg

Species

March

February

% of variation

Squid

10.06

7.38

36

Cuttlefish

4.51

4.63

-3

 Source: FranceAgriMer

Italy

On Italian first-sale markets, in March, prices of squid and common octopus declined due to the lower demand. Those of bobtail, horned octopus, giant squid, shortfin squid and cuttlefish rose because of a drop in supplies.

Table 7: Average prices at Italian first-sale ports,
February-March 2017, in EUR/kg

Product

March

February

% of variation

Lowest price

Highest price

Lowest price

Highest price

Lowest price

Highest price

Squid

10.86

12.28

12.24

14.48

-11

-15

Bobtail

5.48

6.15

4.18

4.72

31

30

Giant squid

25.04

27.48

23.38

26.47

7

4

Shortfin squid

5.93

7.77

5.50

7.21

8

8

Octopus

7.07

9.80

7.11

10.77

-1

-9

Horned octopus

4.38

6.45

3.74

5.91

17

9

Cuttlefish

8.49

10.21

7.82

10.09

8

1

 Source: ISMEA (Istituto di Servizi per il mercato agricolo e alimentare)

Denmark

The average price of squid increased to EUR 9.52/kg on Danish markets.

Table 8: Average prices on Danish markets in DKK/kg

Species

March (DKK/kg)

February (DKK/kg)

% of variation

Squid

70.80

63.96

10.69

 Source: Fiskeauktion.dk

Markets

Table 9: Imports of frozen shortfin squid (Illex spp)
in the EU, January-December 2016/2015

Origin

Volume (mt)

Average price (EUR/kg)

2016

2015

2016

2015

China

45,059

27,533

3.02

1.77

Argentina

21,147

27,324

2.46

1.48

Spain

11,978

5,977

2.96

1.78

Falkland Islands

159

13,014

2.04

1.02

Taiwan

1,167

539

4.32

2.94

Portugal

1,212

233

3.70

2.69

Belgium

713

508

2.20

2.34

Uruguay

496

703

1.66

1.02

Morocco

699

356

1.97

1.50

United States

778

257

1.44

1.08

Senegal

878

35

1.39

1.12

Netherlands

510

250

3.77

2.23

Thailand

454

147

2.63

2.86

Italy

410

122

3.46

3.47

South Korea

46

468

1.14

0.99

France

303

25

2.71

1.24

Albany

227

16

1.56

3.73

Slovenia

192

 

2.22

 

Peru

56

117

1.46

1.20

Chile

171

 

1.86

 

United Kingdom

102

51

2.54

1.56

Denmark

107

4

7.51

2.68

Vietnam

 

79

 

1.78

Croatia

50

2

4.68

2.89

Greece

42

 

2.60

 

India

 

40

 

3.76

Germany

29

6

5.35

5.33

Ireland

16

3

5.09

3.64

Tunisia

 

15

 

2.78

Other (15)

30

3

4.49

4.53

Total

87,030

77,825

2.85

1.55

 Source: Eurostat (Temporary information)

Table 10: Exports of frozen shortfin squid (Illex spp)
in the EU, January-December 2016/2015

Destination

Volume (mt)

Average price (EUR/kg)

2016

2015

2016

2015

Spain

5,734

4,559

3.35

2.06

Italy

4,394

1,719

3.17

2.52

France

2,164

466

2.94

2.33

Morocco

1,090

768

2.09

1.05

Portugal

1,152

397

1.94

1.54

Turkey

605

535

3.17

2.21

China

26

1,041

3.20

1.81

Germany

575

226

4.17

2.01

Greece

497

103

1.81

1.16

United States

32

549

2.37

1.35

United Kingdom

400

52

2.94

3.56

Uruguay

344

82

3.88

1.28

Algeria

123

181

1.90

0.98

Albany

18

277

1.71

0.87

Cuba

116

160

2.75

2.28

Argentina

259

 

8.36

 

Canada

0

243

3.70

0.76

Tunisia

92

108

2.13

1.05

Netherlands

74

97

3.17

1.41

Thailand

 

168

 

0.65

Falkland Islands

62

84

1.58

1.17

Slovenia

128

12

1.71

2.31

Ireland

78

58

2.89

1.06

Honduras

132

 

3.38

 

Sweden

94

19

3.90

2.55

Namibia

 

108

 

3.12

Austria

103

5

3.78

2.80

Switzerland

55

43

3.81

4.66

Belgium

70

25

3.94

3.13

Mexico

23

67

2.73

2.34

Other (58)

630

427

5.12

4.12

Total

19,071

12,578

3.18

1.99

 Source: Eurostat (Temporary information)

Back to index

2. SOUTH AMERICA

2.1 Argentina

According to the last report from the Secretary of Agriculture, Livestock and Fishery, volumes of Illex squid landed in the first three months of the year at Argentine ports increased by over 51,000 tonnes, compared with the same period last year, up 235% on those registered in 2016.

Table 11: Cumulative volumes of Illex squid at
Argentine ports, March 2017/2016 and January-March 2017/2016

Species

March

Cumulative volumes through 31 March 2016/2017 (t)

Percentage variation 2017 compared with 2016

Tonnes

% Variation compared with March 2016

2016

2017

Squid (Illex argentinus)

38,554.80

125.80%

21,811.80

73,193.70

235.60%

Source: Directorate of Fishing Economy based on information provided by INDEC

Exports of Illex squid increased remarkably in February. The price of these exports averaged EUR 2.06/kg in the case of whole Illex squid and EUR 3.93/kg in Illex tubes.

The most important purchaser was Spain, followed by China and the US.

Table 12: Price of Argentine exports of Illex squid,
February 2017, in USD

HS

Item

February 2017

Percentage variation compared with the same period 2016

(t)

Thousands of USD

Average price in USD/t

Tonnes (%)

Thousands of USD (%)

Average price (%)

0307.99.00.110T

Whole Illex squid

13,759

28,400

2,064

     

0307.99.00.120W

Skinless Illex squid rings

1

4

6,000

-92.10%

-85.20%

87.40%

0307.99.00.130Z

Illex squid tubes

1,112

4,366

3.926

586.40%

1247.40%

96.30%

0307.99.00.140C

Illex squid beaks, roes, gonads and pieces

-

-

,

-

-

-

0307.99.00.150F

Illex squid tentacles with no beaks or eyes

18

50

2,842

-

-

-

0307.99.00.161L

Illex squid clean tubes

1

5

5,107

-92.40%

-86.20%

81.90%

0307.99.00.190U

Other Illex squid

1

3

2,799

-

-

-

Total Illex squid

14,891

32,827

2,204

     

Source: Directorate of Fishing Economy based on information provided by the INDEC

Back to index

By Juan Murias

www.fis.com


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