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Squid/Octopus

 
Report Date: Thursday, March 30, 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 frozen cephalopods dropped by 33 tonnes on Mercabarna in February, compared with January. The most important drops were those in frozen dirty giant squid, fresh octopus and fresh squid. The most important rises were those of frozen national squid and fresh giant squid.

On Mercamadrid, supplies of cephalopods declined in most species in February. The most important drops were those in fresh squid, frozen squid and fresh octopus. The most important rise was that in shortfin squid rings.

Table 1: Supplies of cephalopods in Mercamadrid

Item

Volume (kg)

Variation (%)

February

January

Frozen

Boston squid

27,615

32,625

-15

California squid

59,179

69,915

-15

Indian squid

59,179

69,915

-15

National squid

157,815

186,440

-15

Patagonian squid

90,739

107,204

-15

Squids fried in butter

18,795

19,943

-6

Small squid

936

3,749

-75

Clean cuttlefish

33,440

32,133

4

Dirty cuttlefish

8,360

8,033

4

Galician octopus

66,522

74,852

-11

Thai octopus

28,511

32,080

-11

Shortfin squid

1,535

2,029

-24

Fresh

Shortfin squid rings

15,500

2,010

671

Squid

776,028

899,030

-14

Small squid

49,729.00

54,967.00

-10

Giant squid

9,388

10,450

-10

Cooked octopus

24,696

38,598

-36

Large octopus

8,231

25,736

-68

Medium-sized octopus

8,231

25,736

-68

 Source: Mercamadrid

France

Volumes landed at French ports during February declined in the case of squid and cuttlefish. The main ports were Boulogne/Mer with 92 tonnes, Les Sables D'olonne with 89 tonnes tonnes and Le Guilvinec with 79 tonnes.

Table 2: Volumes Landed at French markets

Species

Volumes in 2017 (t)

Cumulative volume Jan/Feb (t)

February

January

% of variation

Year 2017

Year 2016

% of variation

Squid

239,034

541,614

-56

781

210

272

Cuttlefish

270,443

355,842

-24

626

3

-

 Source: FranceAgriMer

Italy

Volumes landed at Italian ports during February declined in the case of squid, bobtail and giant squid. Those of shortfin squid, octopus and cuttlefish increased. 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/Feb (t)

February

January

% of variation

Year 2017

Year 2016

% of variation

Squid

8.4

8.9

-6

17

17

4

Bobtail

0.8

1.1

-27

2

3

-25

Giant squid

1.3

2.0

-38

3

6

-45

Shortfin squid

11.5

7.2

60

19

23

-19

Octopus

8.6

6.5

32

15

13

20

Horned octopus

32.8

14.3

129

47

36

30

Cuttlefish

46.1

28.1

64

74

68

9

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

Denmark

Volumes of squid supplies on Danish markets declined by almost 6 tonnes in February, compared with the previous month.

Table 4: Volumes landed on Danish markets

Species

Volumes in 2017 (t)

February

January

% of variation

Squid

1.87

7.59

-75

 Source: Fiskeauktion.dk

Prices

Spain

On Mercabarna, the most important increases were registered in fresh baby squid, fresh cooked octopus, frozen Galician octopus and fresh squid. The most significant drop was that in fresh octopus.

On Mercamadrid, prices remained stable in most species, except for fresh squid and larger fresh octopus that registered a drop because of a lower demand.

Table 5: Prices on the wholesale market of Mercabarna,
January-February 2017

Item

Average price (EUR/kg)

Variation (%)

February

January

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

9.80

9.94

-1

Small squid

8.50

8.50

0

Giant squid

5.11

5.11

0

Cooked octopus

22.50

22.50

0

Large octopus

11.50

11.76

-2

Medium-sized octopus

8.50

8.50

0

 Source: Mercamadrid

France

In February, prices of squid and cuttlefish increased, specially the former, at first sales French markets due to the drop in supplies.

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

Species

February

January

% of variation

Squid

7.38

6.00

23

Cuttlefish

4.63

4.35

6

 Source: FranceAgriMer

Italy

On Italian first-sale markets, in February, prices rose in the case of giant squid, squid and bobtail, due to a drop in supplies. That of octopus and cuttlefish also rose due to the higher demand. In March 2016, prices of squid and cuttlefish increased, compared with the previous month. Prices of octopus declined.

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

Product

February

January

% of variation

Lowest price

Highest price

Lowest price

Highest price

Lowest price

Highest price

Squid

12.24

14.48

10.27

12.26

19

18

Bobtail

4.18

4.72

3.79

4.49

10

5

Giant squid

23.38

26.47

17.67

19.87

32

33

Shortfin squid

5.50

7.21

5.25

6.78

5

6

Octopus

7.11

10.77

5.04

7.95

41

36

Horned octopus

3.74

5.91

3.59

5.35

4

11

Cuttlefish

7.82

10.09

7.64

9.96

2

1

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

Denmark

The average price of squid increased by DKK 3.63/kg on Danish markets, due to the lower supplies.

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

Species

February

January

% of variation

Squid

36.84

33.22

11

 Source: Fiskeauktion.dk

Markets

Table 9: Imports of frozen squid (Loligo spp.) by
the European Union, January-December 2016/2015

Origin

Volume (mt)

Average price (EUR/kg)

2016

2015

2016

2015

India

59,298

40,853

3.07

3.53

Falkland Islands

42,269

28,938

4.77

3.55

China

29,211

25,537

4.40

3.33

Thailand

18,395

17,619

3.95

2.98

Spain

20,481

12,238

4.36

2.68

United States

15,433

15,196

3.91

2.71

Morocco

20,665

8,626

5.51

4.88

South Africa

13,140

8,864

6.03

5.67

Vietnam

5,267

5,742

5.44

4.78

Peru

2,845

7,233

3.95

2.20

Mauritania

5,065

3,774

5.85

5.46

Indonesia

4,179

2,657

4.94

4.49

Namibia

1,608

1,974

8.02

4.43

Portugal

1,609

399

6.03

4.23

Taiwan

1,046

677

5.19

5.20

Netherlands

1,188

345

8.07

4.94

Belgium

873

574

5.02

3.83

France

924

197

5.46

6.55

Italy

706

211

6.31

6.54

Albany

416

462

8.61

5.67

Oman

296

378

5.08

4.40

South Korea

447

223

4.61

5.42

Pakistan

510

69

3.01

2.57

Senegal

264

201

6.15

5.35

United Kingdom

348

116

5.28

3.65

Croatia

267

67

6.73

4.88

Malaysia

75

242

4.51

4.24

Greece

290

25

4.68

2.99

Slovenia

287

25

6.97

4.97

Germany

236

69

7.63

4.36

Denmark

159

30

8.66

5.42

Other (31)

528

404

6.17

4.46

Total

248,323

183,966

4.40

3.58

 Source: Eurostat (Temporary information)

Table 10: Exports of frozen squid (Loligo spp.) by
the European Union, January-December 2016/2015

Destination

Volume (mt)

Average price (EUR/kg)

2016

2015

2016

2015

Italy

18,847

6,295

5.55

5.67

Spain

3,304

3,283

4.73

4.14

Portugal

4,040

849

4.52

2.60

Morocco

2,113

1,631

3.34

2.68

Germany

2,503

665

5.60

4.18

Croatia

1,699

1,197

5.32

3.34

France

1,753

370

6.93

4.88

South Africa

947

1,058

3.47

2.98

Greece

1,296

425

5.06

3.27

Slovenia

914

293

6.07

3.33

Albany

646

417

4.49

3.14

Argentina

668

193

3.22

2.39

Bosnia-Herzegovina

297

527

5.36

3.26

Namibia

109

656

3.63

2.95

Cyprus

504

204

5.31

4.44

Thailand

406

148

4.58

3.67

Switzerland

252

206

5.71

5.03

Austria

372

49

7.17

4.42

Montenegro

155

192

6.45

5.12

Belgium

242

89

5.67

5.37

Netherlands

228

54

4.29

3.02

Serbia

128

105

5.20

3.96

United Kingdom

150

76

6.17

6.68

Ireland

158

67

7.32

2.45

Japan

196

 

8.54

 

Czech Republic

119

72

5.62

3.33

Poland

112

44

8.60

3.18

Malta

138

11

5.70

3.00

Melilla

89

45

2.99

3.41

Andorra

73

60

5.65

5.21

Romania

114

14

4.48

3.96

Other (86)

1,216

877

4.95

4.02

Total

43,786

20,171

5.24

4.23

 Source: Eurostat (Temporary information)

Back to index

2. SOUTH AMERICA

2.1 Argentina

During the first fortnight of March, volumes registered 3,611.9 tonnes. Volumes of Illex shortfin squid landed at Argentine ports reached 34,311.2 tonnes between January and February 2017, up 712.8% interannual. También se han incrementado respecto al mismo periodo del año 2015 en el que se desembarcaron 9.997 toneladas. Prices reported during the Boston Fair for the American market were lower than those registered last year, due to a rise in supplies. They were at about USD 2,200/t.

Back to index

By Juan Murias

www.fis.com


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