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//Market Barometer 1313

Group remain fully operational both for the reception and quarter, although the coronavirus situation keeps the market
for shipment of goods. The transport of goods within Italy is uncertain.
allowed despite the quarantine measures introduced by the
government. Vietnam/USA: The US overtook China to become the
largest importer of Vietnamese pangasius in February 2020,
Japan: Due to the rise of Covid-19 infection cases, the according to data released by the Vietnam Association of
government has heightened control measures in the country. Seafood Exporters and Producers (VASEP). Although exports
Following limited outdoor activities and advisories for people to most markets sharply fell in March from the same period
to stay at home, outside eating places like sushi shops, of last year, exports to the US market reached US$18.1 million
restaurants, etc are seeing poor business. The consumption (17.8% of the total). VASEP has predicted further growth in
demand for high value seafood has plunged as public exports to the North American market despite the impact of
gatherings and celebrations are not allowed. Fish market the pandemic on trade of fishery products. However, analysts
trading continues to weaken, with less landings and sales. and experts recommend that fish farmers actively reduce this
year’s production by 10%.
FROZEN FISH
CUTTLEFISH/SQUID
USA: According to US NMFS, prices for double-frozen Atlantic
cod in early 2020 were at all-time highs in the pre-Lenten India: Total exports of squid and cuttlefish increased by
season, averaging US$ 4.00/lb for boneless/skinless fillets. 2.71% at 171 592 MT in 2019 compared to 2018, with main
While demand is adequate, current supply is reported to be markets Spain, Thailand and China importing more. However,
limited as processors had cut back on their efforts during due to the pandemic that has impacted most of the markets
the Chinese New Year period. Although there will be a in Europe, Middle East and China, stocks in India began to pile
quota increase for 2020 in the Barents Sea, the North Sea up in early 2020 as countries cancelled shipments. Seafood
cod quota has been cut in half to allow low stocks to recover. consignments to China have dropped by 10-15%. Europe is a
Analysts expect prices to remain stable during the first large consumer of Indian cephalopods, besides shrimp.
AN ads-180x120mm.pdf 1 02/07/2019 2:47:29 PM

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INFOFISH International 3/2020 ● www.infofish.org