In the groundfish sector, cod and haddock prices are on the rise due to anticipated quota reductions for 2025, with cod set to face a 31% cut. Sole prices have also surged, reflecting strong demand amid limited supply. These factors are contributing to a challenging environment for buyers seeking stable pricing.

Pelagic species are seeing a significant drop in prices, thanks to strong catches across European waters. However, the tuna market presents a mixed picture. While skipjack prices are rising due to slowed fishing in the Pacific, yellowfin prices are falling, driven by improved catches in the Indian Ocean.

Crustacean and cephalopod markets offer contrasting developments. Argentine red shrimp prices have stabilized, while Indonesian shrimp prices are increasing due to supply constraints. Octopus prices are rising with holiday demand, but increased Moroccan quotas could soon bring stability. Meanwhile, squid remains in good supply with stable pricing.



In the salmon and trout markets, Norwegian salmon exports have declined in both volume and value, with prices dropping sharply after hitting record highs. Conversely, trout exports have surged, particularly to Ukraine, the United States, and Thailand, signaling a shift in market dynamics.

Mollusks, especially bouchot mussels from France, are experiencing high prices as production ramps up. This reflects the strong seasonal demand for these delicacies, particularly during the months leading up to autumn.

Overall, the European seafood market is marked by volatility, with fluctuating prices driven by supply constraints, quota reductions, and varying demand. Buyers in the EU must remain vigilant and adaptable to navigate these complex market conditions effectively.



Our recommendation is that EU buyers should secure long-term contracts for species like cod, haddock, and Argentine shrimp before prices rise further, while taking advantage of current low prices in the pelagic sector. Flexibility and strategic timing are essential, particularly with mixed trends in tuna and potential stabilization in octopus prices.

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