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FAO expects octopus prices to remain more stable. (Photo: Sagarpa).

Growing global octopus landings, according to FAO

  (WORLDWIDE, 1/20/2017)

Global octopus landings appear to maintain a rising trend, according to a recent report from the Food and Agriculture Organization of the United Nations (FAO) analyzing the octopus market situation during the period January-October 2016.

In 2015, landings grew by 6.7 per cent compared with 2014 and the major suppliers were Morocco, Mauritania and Mexico. However, landings in Spain, Portugal and the Republic of Korea declined.

According to the Ministry of Marine Affairs of Galicia, the value of octopus landings in Galicia for the first half of the year exceeded EUR 2.6 million, which is the highest level recorded since 2010.

FAO report highlights that even with much more product in the local market, prices have remained stable.

Japan had a significant increase in imports of octopus in 2015, since during the first half of the year, imports increased by 38.5 per cent. However, during the first half of 2016, imports fell back by 15 per cent, to 24,500 tonnes.

Both of Japan main suppliers, Morocco and Mauritania, shipped less octopus to the Japanese market during this period, while China increased shipments by almost 23 percent.

While Morocco reduced octopus shipments to Japan, it increased exports to another main market, Spain.

Spanish octopus imports from Morocco went up by almost 17 per cent, while imports from the second largest supplier to Spain, Mauritania, went down by 12.5 per cent. Total Spanish imports of octopus remained at 27,200 tonnes during the first half of 2016.

FAO report points out that octopus prices are likely to remain more stable as the supply situation has improved and there are slight increases in world landings.

Related articles:

-Galicia trebles octopus landings
-Galicia receives over EUR 2.6 million octopus landings
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