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Squid/Octopus

 
Report Date: Wednesday, July 26, 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. EUROPEA

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 rose by almost 14 tonnes on Mercabarna in June. Fresh cephalopods reported a rise of 5 tonnes and frozen ones increased by almost 9 tonnes. The most important increases were those in fresh tuna strips, fresh peeled giant squid, frozen crushed clean giant squid, frozen shortfin squid and Thai octopus. The most important drops were those in fresh giant squid, fresh octopus, fresh squid, dirty giant squid, frozen squid fried in butter and frozen Boston squid.

On Mercamadrid, supplies of cephalopods increased in the case of fresh and frozen products in June. Those of the rest of cephalopods declined. The most important were those in frozen Galician octopus, fresh baby squid, frozen clean giant squid, frozen Thai octopus and fresh cooked octopus. The most important rise was reported by frozen squid.

Table 1: Supplies of cephalopods in Mercamadrid

Item

Volume (kg)

Variation (%)

June

May

Frozen

Boston squid

51,432

47,543

8

California squid

110,216

101,874

8

Indian squid

110,216

101,874

8

National squid

293,896

271,672

8

Patagonian squid

168,991

156,208

8

Squids fried in butter

35,677

34,395

4

Small squid

849

1,015

-16

Clean cuttlefish

9,629

30,993

-69

Dirty cuttlefish

2,407

7,748

-69

Galician octopus

57,032

106,484

-46

Thai octopus

24,443

45,637

-46

Shortfin squid

13,370

23,082

-42

Fresh

Shortfin squid rings

2,148

18,402

-88

Squid

236,270

211,997

11

Small squid

49,628

72,706

-32

Giant squid

5,285

18,810

-72

Cooked octopus

17,530

37,945

-54

Large octopus

5,843

12,647

-54

Medium-sized octopus

5,843

12,647

-54

General total

1,200,705

1,313,679

-9

 Source: Mercamadrid

France

Volumes landed at French ports increased in the case of squid and declined in the case of cuttlefish during June. The main ports were La Turballe with 42 tonnes, Erquy with 33 tonnes, Les Sables D'olonne with 26 tonnes, Granville with 16 tonnes y Oleron with 13 tonnes

Table 2: Volumes landed on national French ports

Species

Volumes in 2017 (t)

Cumulative volume Jan/Jun (t)

June

May

% of variation

Year 2017

Year 2016

% of variation

Squid

16

15

6

938

315

198

Cuttlefish

176

220

-20

1,535

208

638

 Source: FranceAgriMer

Italy

Volumes landed at Italian ports increased in the case of giant squid and declined in the rest of cephalopods during June. The most important drops were those in shortfin squid and cuttlefish. The main ports were San Benedetto del Tronto with 44 tonnes, Civitanova with 25 tonnes and Cesenatico with 24 tonnes.

Table 3: Volumes landed at Italian ports

Species

Volumes in 2017 (t)

Cumulative volume Jan/Jun (t)

June

May

% of variation

Year 2017

Year 2016

% of variation

Squid

5

8

-39

35

40

-11

Bobtail

1

1

-27

4

5

-29

Giant squid

1

0

22

5

10

-52

Shortfin squid

58

117

-51

208

135

55

Octopus

6

10

-41

38

36

6

Horned octopus

46

57

-18

179

128

40

Cuttlefish

33

86

-62

236

257

-8

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

Denmark

Volumes of squid supplies on Danish markets rose by 3 tonnes in June, compared with the previous month.

Table 4: Volumes landed on Danish markets

Species

Volumes in 2017 (t)

June

May

% of variation

Squid

5,779

2,531

128.33

 Source: Fiskeauktion.dk

Prices

Spain

On Mercabarna, during June, the most important increases were those in fresh baby squid, dirty giant squid and frozen Boston squid, due to a drop in supplies. That of squid rings increased due to the higher demand. The most significant drops were those in fresh squid, frozen Californian squid and frozen Chinese squid, due to a rise in supplies. There was also an important decline in frozen Galician octopus, due to the increase in supply. On Mercamadrid, prices of cephalopods remained stable in all species, except for that of fresh squid that rose by EUR 0.43/kg.

Table 5: Prices on the wholesale market of Mercamadrid,
May-June 2017

Item

Average price (EUR/kg)

Variation (%)

June

May

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

15.50

15.07

3

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

General total

8.01

8.52

-6

 Source: Mercamadrid

France

On French first-sale markets, during June, prices of squid and squid declined because of a rise in supplies. That of cuttlefish increased due to the decline in supplies.

Table 6: Average prices at French ports,
May-June 2017, in EUR/kg

Species

June

May

% of variation

Squid

11.85

12.55

-6

Cuttlefish

5.49

5.10

8

 Source: FranceAgriMer

Italy

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

Table 7: Average prices at Italian ports,
May-June 2017, in EUR/kg

Product

June

May

% of variation

Lowest price

Highest price

Lowest price

Highest price

Lowest price

Highest price

Squid

13.03

14.55

10.00

11.05

30

32

Bobtail

8.86

10.91

6.56

7.47

35

46

Giant squid

20.05

21.99

22.21

23.92

-10

-8

Shortfin squid

3.63

5.42

3.66

5.97

-1

-9

Octopus

6.52

10.14

5.88

8.91

11

14

Horned octopus

3.61

5.66

4.22

6.46

-14

-12

Cuttlefish

7.97

9.27

8.44

10.45

-6

-11

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

Denmark

The average price of squid increased by EUR 18.40/kg on Danish markets, due to the higher demand.

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

Species

June (EUR/kg)

May (EUR/kg)

% of variation

Squid

25.62

7.21

255.07

 Source: Fiskeauktion.dk

Markets

Table 9: Imports of frozen squid and shortfin squid
(Ommastrephes spp., Loligo spp., Nototodarus spp.,
Sepioteuthis spp
.) by the EU, January-May 2017/2016

Origin

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

India

8

22,430

3.03

3.27

China

398

12,991

2.91

3.62

Spain

429

11,131

3.49

3.56

Morocco

 

8,908

 

5.34

Thailand

 

6,379

 

3.46

United States

 

6,229

 

3.71

South Africa

 

6,183

 

5.51

New Zealand

51

3,700

2.23

1.76

Falkland Islands

 

3,580

 

4.87

Mauritania

 

3,026

 

5.78

Vietnam

 

1,606

 

5.19

Indonesia

 

1,574

 

4.58

Peru

 

1,104

 

2.78

Portugal

22

1,054

2.59

5.53

Namibia

 

642

 

8.09

Netherlands

32

575

7.11

6.40

Belgium

40

445

7.56

3.63

Taiwan

 

435

 

5.14

Italy

0

389

26.08

5.48

France

0

263

17.98

7.09

Mexico

 

212

 

2.58

Greece

2

186

4.35

4.42

South Korea

26

158

6.89

3.84

Senegal

 

182

 

5.82

United Kingdom

28

143

3.67

4.67

Pakistan

 

158

 

3.11

Albany

 

131

 

8.47

Croatia

1

128

5.94

5.46

Germany

12

114

12.06

6.07

Oman

 

80

 

5.35

Denmark

0

77

5.85

8.01

Other (21)

24

340

7.97

5.02

Total

1,074

94,554

3.75

4.01

 Source: Eurostat (Preliminary information)

Table 10: Exports of frozen squid and shortfin squid
(Ommastrephes spp., Loligo spp., Nototodarus spp.,
Sepioteuthis spp
.) by the EU, January-May 2017/2016

Destination

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

Italy

44

7,387

3.93

5.05

France

1,853

1,410

1.70

5.92

Portugal

20

2,504

6.09

3.64

Spain

 

1,790

 

4.54

Germany

628

1,072

1.49

4.69

Croatia

 

674

 

5.13

Greece

 

578

 

4.68

Morocco

 

446

 

3.01

Thailand

 

406

 

9.98

Slovenia

0

339

47.30

4.60

Switzerland

47

228

8.03

5.01

Argentina

 

231

 

2.88

Cyprus

0

216

15.75

5.47

Serbia

68

126

3.94

5.71

Austria

0

169

6.18

6.21

Belgium

3

164

10.48

5.80

Albany

 

154

 

4.35

Bulgaria

0

116

3.22

4.84

Netherlands

19

87

2.39

3.47

Ceuta

0

97

6.71

1.88

Ireland

43

53

3.11

2.91

Bosnia-Herzegovina

 

84

 

4.37

United Kingdom

 

83

 

5.68

Denmark

0

79

5.88

3.82

Sweden

 

72

 

4.81

Montenegro

13

53

3.70

5.43

Poland

0

63

5.20

3.88

Melilla

 

60

 

2.51

Romania

3

55

2.95

3.63

Andorra

0

55

13.71

4.30

Malta

0

55

3.20

5.08

Other (63)

2

479

6.30

5.79

Total

2,743

19,384

1.94

4.86

 Source: Eurostat (Preliminary information)

Back to index

2. SOUTH AMERICA

2.1 Argentina

Landed volumes

According the last report on the situation from the Secretary of Agriculture, Livestock and Fisheries, volumes landed in June declined by 92%, compared with May. That means they are down 6,000 tonnes. These volumes were also lower than those registered in June 2016, by more than 4,000 tonnes. However, the volume registered between January and June 2017 was higher than that registered during the same period last year.

The main volumes of Illex squid were registered at the ports of Mar del Plata with little over 58,000 tonnes, Puerto Deseado with almost 23,000 tonnes, Puerto Madryn with little over 12,000 tonnes and Caleta Paula with about 3,000 tonnes.

Out of the 96,000 tonnes landed, 86 tonnes were caught in frozen conditions by national jiggers, which landed volumes at the ports of Mar del Plata and Puerto Deseado.

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

Species

Volumes in 2017 (t)

Cumulative volume Jan/Jun (t)

June

May

% of variation

Year 2017

Year 2016

% of variation

Illex squid

517

6,874

-92

96,474

50,984

89

Source: Made by FIS based on information from the DNCP

Markets

Exports of Illex shortfin squid registered 12,389 tonnes in May, up 112.7% on those reported in April. The average price reported USD 2,354/t. It is up 29.6% on that registered in April and 5.3% on that of May 2016.

Table 12: Argertine exports of Illex shortfin squid

HS

Item

May 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

10,122

20,863

2,061

103.50%

159.40%

27.50%

0307.99.00.120W

Skinless Illex squid rings

0

0

1,373

-80.40%

-77.00%

17.10%

0307.99.00.130Z

Exports of Illex squid,

1,330

5,475

4,116

213.20%

262.90%

15.90%

0307.99.00.140C

Beaks, roes, gonads and pieces of Illex squid

3

3

1,100

-91.30%

-88.20%

36.20%

0307.99.00.150F

Illex squid tentacles with no beaks or eyes

576

1,801

3,128

58.20%

-88.20%

36.20%

0307.99.00.161L

Clean tubes of Illex squid.

5

36

7,038

-46.10%

-7.80%

70.90%

0307.99.00.190U

Other Illex squid

352

985

2,795

208.40%

351.90%

46.50%

 

Total Illex squid

12,389

29,164

2,354

112.70%

175.70%

29.60%

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

Back to index

By Juan Murias

www.fis.com


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