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Squid/Octopus

 
Report Date: Wednesday, October 04, 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

Supplies of cephalopods dropped by 174 tonnes on Mercabarna in August, compared with the previous month. The most important drops were those in fresh peeled giant squid, fresh octopus, frozen squid rings, frozen squid, frozen tentacles, crushed clean giant squid and frozen Chinese squid. The most dramatic increases were those in fresh squid, frozen Galician squid,frozen Indian squid, frozen Patagonian squid and frozen clean giant squid.

On Mercamadrid, in August, supplies of cephalopods declined in frozen squid and squid, while there was a rise in the rest of species. Regarding fresh species, there was a drop in octopus supplies and a rise in the rest of species.

Table 1: Supplies of cephalopods in Mercamadrid

Item

Volume (kg)

Variation (%)

August

July

Frozen

Boston squid

34,546

39,887

-13

California squid

74,031

85,467

-13

Indian squid

74,031

85,467

-13

National squid

197,417

227,917

-13

Patagonian squid

113,512

131,050

-13

Squids fried in butter

33,324

74,238

-55

Small squid

11,284

1,614

599

Clean cuttlefish

26,392

6,762

290

Dirty cuttlefish

6,598

1,690

290

Galician octopus

20,700

13,813

50

Thai octopus

8,873

5,923

50

midsize squid

 

11,000

-

Shortfin squid

46,800

8,853

429

Fresh

Shortfin squid rings

1,651

107

-

Squid

177,630

169,377

5

Small squid

81,034

52,779

54

Giant squid

3,111

1,678

85

Cooked octopus

18,623

34,858

-47

Large octopus

6,208

11,618

-47

Medium-sized octopus

6,208

11,618

-47

General total

941,973

975,716

-3

 Source: Mercamadrid

France

Volumes landed at French ports increased in the case of squid and cuttlefish during August. The main ports were Boulogne/Mer with 149 tonnes, Les Sables D'olonne with 149 tonnes, Port en Bessin with 119 tonnes and La Turballe with 73 tonnes.

Table 2: Volumes landed at French national markets

Species

Volumes in 2017 (t)

Cumulative volume Jan/Aug (t)

August

July

% of variation

Year 2017

Year 2016

% of variation

Squid

86

35

142

1,059

409

159

Cuttlefish

601

355

69

2,491

805

209

 Source: FranceAgriMer

Italy

At Italian ports, during August, volumes of squid and octopus increased. The rest of cephalopods declined. The main volumes were landed at the ports of Aci Trezza with 15 tonnes, Corigliano Calabro with 11 tonnes, Civitanova Marche with 9 tonnes and San Benedetto del Tronto with 5 tonnes.

Table 3: Volumes landed at Italian ports

Species

Volumes in 2017 (t)

Cumulative volume Jan/Aug (t)

August

July

% of variation

Year 2017

Year 2016

% of variation

Squid

8

6

19

49

59

-17

Bobtail

0

1

-87

5

8

-39

Giant squid

0

1

-39

6

15

-59

Shortfin squid

15

36

-57

260

171

52

Octopus

8

7

16

54

51

5

Horned octopus

8

30

-75

217

159

37

Cuttlefish

4

15

-74

255

288

-11

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

Denmark

Volumes of squid supplies on Danish markets rose by 5 tonnes in August, compared with the previous month.

Table 4: Volumes landed on Danish markets

Species

Volumes in 2017 (t)

July

June

% of variation

Squid

18,226

10,395

75.34

 Source: Fiskeauktion.dk

Prices

Spain

On Mercabarna, in August, the most important declines were registered in fresh giant squid, frozen Patagonian squid, fresh squid and frozen Indian squid, all of them due to bulkier supplies. The most significant increases were those in fresh baby squid, fresh octopus, frozen Chinese squid, frozen tentacles and frozen shortfin squid, all due to a drop in supplies.

On Mercamadrid, prices of cephalopods remained stable in all species, except for that of fresh squid that rose by EUR 0.18/kg.

Table 5: Prices on the wholesale market of Mercamadrid,
July-August 2017

Item

Average price (EUR/kg)

Variation (%)

August

July

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

midsize squid

 

4.51

-

Shortfin squid

2.70

2.70

0

Fresh

Shortfin squid rings

3.01

3.01

0

Squid

14.75

14.57

1

Small squid

8.50

8.50

0

Giant squid

5.11

5.11

0

Cooked octopus

22.50

22.50

0

Large octopus

12.02

12.02

0

Medium-sized octopus

8.50

8.50

0

 Source: Mercamadrid

France

On French first-sale markets, during August, prices of cuttlefish and squid declined because of a rise in supplies.

Table 6: Average prices at Italian ports,
July-August 2017, in EUR/kg

Species

August

July

% of variation

Squid

11.00

12.65

-13

Cuttlefish

4.69

5.32

-12

 Source: FranceAgriMer

Italy

On Italian first-sale markets, during August, prices of giant squid, squid, bobtail, cuttlefish, octopus, horned octopus and shortfin squid declined.

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

Product

August

July

% of variation

Lowest price

Highest price

Lowest price

Highest price

Lowest price

Highest price

Squid

6.91

8.48

16.59

18.75

-58

-55

Bobtail

3.91

4.83

9.02

10.97

-57

-56

Giant squid

5.78

6.34

19.82

21.44

-71

-70

Shortfin squid

3.38

5.10

4.04

5.97

-16

-15

Octopus

2.79

4.58

4.66

7.22

-40

-37

Horned octopus

2.31

4.32

3.69

6.18

-38

-30

Cuttlefish

5.02

5.78

7.96

8.71

-37

-34

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

Denmark

The average price of squid increased by EUR 20.88/kg on Danish markets, due to the higher demand.

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

Species

July (EUR/kg)

June (EUR/kg)

% of variation

Squid

64.85

43.97

47.49

 Source: Fiskeauktion.dk

Markets

Table 9: Imports of frozen octopus (Octopus spp.)
by the European Union, January-May 2017/2016

Product

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

Sepiola rondeleti

322

378

5.19

6.19

Other bobtail (except Sepiola rondeleti)

817

1,199

4.36

6.75

Cuttlefish (Sepia officinalis, Rossia macrosoma)

31,083

29,132

4.10

4.68

Loligo vulgaris

18,713

17,108

5.28

5.71

Loligo pealei

3,149

4,147

4.62

5.48

Loligo gahi

29,481

19,656

4.68

5.69

Other Loligos

78,939

67,401

4.74

5.11

Ommastrephes spp., except Ommastrephes sagittatus, Nototodarus spp., Sepioteuthis spp.

6,727

0

 

4.66

Illex spp.

27,496

0

 

3.80

European shortfin squid (Todarodes sagittatus) (Ommastrephes sagittatus)

205

0

 

3.30

Other squids

85,927

15,150

3.04

3.64

Octopus

81,562

77,120

4.73

5.24

Total

364,422

231,291

3.86

5.11

 Source: Eurostat (Preliminary information)

Table 10: Exports of frozen octopus (Octopus spp.)
by the European Union, January-May 2017/2016

Product

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

Sepiola rondeleti

441

413

5.09

4.94

Other bobtail (except Sepiola rondeleti)

3,524

3,303

5.26

5.27

Cuttlefish (Sepia officinalis, Rossia macrosoma)

9,161

11,458

5.82

5.24

Loligo vulgaris

8,155

8,507

5.48

5.18

Loligo pealei

363

373

4.92

6.00

Loligo gahi

19,807

12,029

4.98

5.53

Other Loligos

16,924

20,849

4.49

4.20

Ommastrephes spp., except Ommastrephes sagittatus, Nototodarus spp., Sepioteuthis spp.

3,826

0

5.37

 

Illex spp.

10,466

0

4.14

 

European shortfin squid (Todarodes sagittatus) (Ommastrephes sagittatus)

739

0

3.47

 

Other squids

22,967

12,028

4.44

4.94

Octopus

50,623

46,423

7.31

7.03

Total

146,997

115,380

5.67

5.77

 Source: Eurostat (Preliminary information)

Back to index

2. SOUTH AMERICA

2.1 Argentina

Landed volumes

Volumes of Illex squid landed in August were up 53 tonnes, compared with the previous month. So far this year, the most important volumes were registered at the ports of Mar del Plata with almost 59 tonnes, followed by Puerto Deseado with almost 23 tonnes and Puerto Madryn with little over 12 tonnes.

Table 11: Volumes of Illex squid landed in Argentina, in tonnes

Species

Volumes in 2017 (t)

Cumulative volume Jan/Aug (t)

August

July

% of variation

Year 2017

Year 2016

% of variation

Illex shortfin squid

133

80

67

96,693

57,343

69

Loligo squid

3

7

-60

30

12

145

Small octopus

0

0

-38

0

0

-

Octopus

0

0

-

0

0

-93

Source: Made by FIS based on information from the DNCP

Markets

Exports of Illex squid reached 2,103 tonnes in June, up 95% on those of June 2016. Despite this rise the value of exports was still higher.

Table 12: Argertine exports of Illex shortfin squid

HS

Item

June 2017

Percentage variation compared with the same period 2016

tm

Thousands of USD

Average price in USD/t

T (%)

Thousands of USD

Average price (%)

0307.99.00.110T

Whole Illex squid

2,103

5,210

2,478

95.0%

144.9%

25.6%

0307.99.00.120W

Skinless Illex squid rings

0

0

1,376

-79.9%

-76.9%

14.9%

0307.99.00.130Z

Exports of Illex squid,

185

907

4,914

116.4%

137.8%

9.9%

0307.99.00.140C

Beaks, roes, gonads and pieces of Illex squid

50

64

1,263

-76.7%

-68.4%

35.7%

0307.99.00.150F

Illex squid tentacles with no beaks or eyes

189

664

3,509

14.1%

26.1%

10.5%

0307.99.00.161L

Clean tubes of Illex squid.

0

0

4,000

-52.4%

-25.8%

55.9%

0307.99.00.190U

Other Illex squid

5

17

3,330

155.7%

264.0%

42.4%

 

Total Illex squid

2,532

6,862

2,981

93.40%

135.8%

21.9%

Source: Fishery Economy Directorate, based on information from the INDEC

Back to index

By Juan Murias

www.fis.com


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