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Issue 12/2015 December

Index for prices LATEST TRENDS The euro was extremely weak in early December and this had an Groundfish 8 impact on fish trade, especially for those suppliers quoting in US dollar. The overall market situation is quite bleak, due to the 10 terrorist scare. Thus sales are slow and importers that had built 11 up inventories in view of the holiday period, have difficulties in finding a market. Overall prices declined for all main fish species. Small Pelagics 12

Cephalopods 13

GROUNDFISH 15

Bivalves 18

The year has been a very positive one for the groundfish industry, 19 with prices rising strongly and demand far exceeding supply. In December, however, conditions changed and the majority of 20 prices for groundfish species began to fall. This is related to expectations for increased catches in 2016, which will put total 20 groundfish production 220 000 tonnes higher than in 2015. Non Traditional Market demand for US produced Alaska fillet blocks in Species 21 Europe is stagnating due to the weaker euro and prices in US Seabass-Seabream- dollar have remained flat. However, demand should increase when the euro strengthens. Prices for minced are Meagre 21 being driven upwards as demand for minced-based product increases and supply tightens due to increased surimi production and strong demand from Asia. The price outlook for both minced The European Fish Price Report, Alaska pollock and low-grade surimi is positive and this trend is based on information supplied by likely to continue in 2016, reflecting a gap between demand and industry correspondents, aims to supply. The outlook for high-grade surimi, in contrast, is weak. provide guidance on broad price trends. Price information is indicative and should be used only for forecasting medium- and long-term trends. FAO is not responsible for any errors or omissions.

Prices for Merluccius productus for the new season have changed very little compared with last year’s prices, but due to the weaker euro this species is becoming quite attractive to buyers. Prices for Merluccius capensis mince blocks remain stable while the market for Merluccius gayi from Peru is picking up after a 6-week fishing ban.

There is currently extremely limited availability of Alaska pollock on the Vladivostok wholesale market, while on the Moscow wholesale market demand is stable and supply in the warehouses is reportedly sufficient to meet demand.

Demand for saithe products is reported - in Poland (FOB, origin: Baltic Sea) to be weak and prices have started to drop. EUR/kg 2.4 The Polish market for cod is growing. 2.2 1.9 Previously, Poland was known for 1.7 importing cod from Norway to process 1.4 1.2 1.40 into fresh and frozen fillets for exports. 0.9 However, Poland is now consuming half of the imported cod itself. In 2014,

Poland imported almost 80 000 tonnes Fresh gutted of cod. In addition, the country landed almost 18 000 tonnes. Of the total, just over 41 000 tonnes were exported or re-exported, leaving a domestic consumption of cod to total some 56 000 tonnes. This represents a 31% increase compared with 2013, and is double the amount consumed in 2012. It is expected that this trend will continue also in 2015-2016. During the first half of 2015, cod consumption in Poland increased by some 11.5%. Overall prices of domestically produced cod declined during the past four years from USD 1.90/kg to USD 1.40/kg at present, reflecting the influx of higher quality cod from the Atlantic.

TUNA -

The tuna market remains depressed and prices have declined TUNA - Pacific Ocean further, slipping below USD 1000/tonne USD/kg in all markets. Yellowfin prices have 3.0 been stable, however. 2.5 2.0 The short-term outlook is for moderate 1.5 1.00 improvement for the coming months. 1.0 0.95 0.5

Skipjack Bangkok CFR Skipjack Ecuador, ex-vessel

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Fishing in the Western and Central Pacific is slowing down slightly while Thai TUNA - Indian/Atlantic Oceans Canneries report healthy raw material EUR/kg inventories. Production activities 3.0 continue to be slow due to weak demand 2.5 for finished goods. Most Thai canneries 2.0 1.55 will be closed for 1 week at the end of 1.5 1.50 the year for annual maintenance. 1.0 0.90 0.5 0.87 The second IATTC ‘veda’ closure of two months started on 18 November 2015 Skipjack, Seychelles, FOB Yellowfin, Seychelles, FOB and about half of the fleet is tied up. Skipjack, Abidjan ex-vessel Yellowfin, Abidjan, > 10 kg, ex-vessel Fishing is moderate for those vessels that opted for the first closure. Raw material inventories at local canneries in Ecuador have fallen to moderate levels as demand for finished goods has improved slightly. However, reports suggest that demand from Brazil and Europe is still weak. Vessels in the Indian Ocean continue to TUNA - Loins experience slow-to-moderate fishing, catching mostly skipjack. Raw material USD/Kg inventories at local canneries remain 9.5 adequate. 8.0 6.5 5.80 Fishing in the Atlantic Ocean continues 5.0 3.5 5.00 at a moderate-to-good level while local 2.0 canneries report healthy raw material inventories. A slight increase in demand

has helped to raise European prices for Skipjack - frozen cooked loins, single cleaned, Spain/Italy DDP whole tuna while prices for tuna loins Yellowfin - frozen cooked loins, double cleaned, Italy DDP have stayed firm.

SMALL PELAGICS

There is a high demand for Pacific on the Moscow market, especially for larger size herring (300+). Weaker sales in the Far East have led to price decreases in this part of the world.

Peru now expects the El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, to become "moderate" in the coming months instead of "strong" as previously forecast. This is good news for the Peruvian industry, as a strong El Niño impacts the anchoveta resource and the associated fisheries. Thus production during 2015-2016 will be higher than anticipated.

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CEPHALOPODS

Octopus demand is poor at the moment and packers are building up stocks in expectation of higher prices later this month. Japanese demand for is generally very good during the New Year’s festivities, and - in Italy, origin: South Africa packers are hoping for improved sales over this period as the European EUR/kg market is likely to stay weak. 8.0 7.0 6.0 The giant squid market is somewhat 5.0 inactive as Chinese demand for boiled 5.80 4.0 products is still short and the market for 3.0 raw giant squid products remains very depressed due to heavy landings from

Chinese vessels. The Spanish market Squid - Whole, FAS, size M situation seems to be similar, with slow demand and low prices. The loligo squid season has not started yet, but the forecast is also for weak demand and a hesitant market.

CRUSTACEANS

Shrimp prices declined sharply during WHITELEG - origin: Ecuador the past month, partly reflecting the negative impact of the Paris terrorist USD/kg

attacks on the European shrimp market. 11.0 The relative strength of the US dollar, 9.5 6.90 especially during the beginning of the 8.0 month, has been favouring countries 6.5 quoting in dollars such as Ecuador, India 5.0 3.5 and Indonesia. Demand from the market is focused on middle and smaller size

due to high prices for larger sizes. 40-50 pc/kg

In general, raw material supply of shrimp is low, but demand is sluggish. The overall climate in Europe is not favourable for shrimp consumption during the festive period, generally a restaurant specialty, and packers are having difficulties reconciling the market price with that of raw material.

Lobster prices are firm due to lower landed volumes and good demand. There is limited availability of live on the market.

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Crab prices increased towards late November. Cumulative landings are still well below 2014 levels at French auctions (-36% in volume by late November for 13-16 cm size) due to a colder spring and a late start to the fishing season. Live crustaceans stocks are low as a result.

BIVALVES

Bouchot, Rope and Dutch are now widely available on the French market. Label Rouge rope mussels from Charente and organic Bouchot mussels from Chaussey are amongst this year’s innovative mussels products on display in French supermarkets and they are stimulating consumer interest. Mussels from Spain are sold in MAP trays and are well accepted by the market as a low price option.

Sales of large-sized over the summer period are reported to have resolved much of the excess large stocks which have been available since earlier in the year. According to Ifremer, summer survival rates have improved this year. Prices are expected to be firmer as we move through December due to retail promotions in traditional markets and good demand in international markets, particularly Asia.

SALMON

Seasonal demand saw Norwegian farmed prices start to rise again towards the end of November, and by week 49, the NASDAQ salmon index was at NOK 50.2/kg. This is some NOK 3 above the same week last year, a continuation of the improved price situation that has benefitted the Norwegian industry in 2015. A lack of large size fish has led to significantly wider spreads this year between prices for small and large fish, but this is beginning to diminish as the average size of salmon in the pens returns to 2014 levels.

Higher prices have not overly affected demand growth, particularly in the EU, where Norwegian exporters sold 24% more salmon in value terms in November, totaling NOK 3.3 billion, according to the Norwegian Seafood Council (NSC). In volume terms, exports to the EU were up 16% in November, to 72 000 tonnes. Total year-to-date exports of Norwegian salmon came to 943 000 tonnes by the end of November, for a total value of NOK 42.7 billion, increases of 4% and 8% respectively. Export figures in Asia and the US have also been impressive this year, with increased volumes and total value up 28% and 60% respectively. French and US preference for Norwegian fresh Atlantics in 2015 continues to negatively impact revenues for the UK salmon industry, however, with total year-to-date export volumes down 12% by October and the corresponding value 23% lower.

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Flat smolt production in 2015, combined with biomasses that are currently marginally below last year, have pushed forward prices upwards. Fishpool.eu reports NOK 46/kg for 2016 as a whole, although forward prices for the first three months of the year are now above NOK 50/kg. Analysts are forecasting lower production growth in 2016, and strong demand in the EU, Asia and the US suggest that next year will be another profitable one for the Norwegian industry at least.

TROUT

TROUT - Ex-farm prices in Italy After a long period of challenging market conditions for Norwegian trout exporters EUR/kg 4.0 following the Russian ban in August 3.60 2014, November exports of trout were 3.5 3.0 up 57% in value terms compared with 3.20 2.5 the same month in 2014, and up 37% in 2.0 volume, according to the NSC. These 1.5 figures reflect the success Norwegian exporters have had in developing the Belarussian market in particular. Trout: Salmo spp : Oncorhynchus mykiss However, it remains to be seen whether the relatively higher biomass, and relatively larger trout, currently in Norwegian pens can be absorbed at similar price levels. Meanwhile, in Italy, the trout market is strong and prices have increased due to limited inventories.

FRESHWATER FISH

The market has been Pangasius - in Spain, origin: Viet Nam overshadowed by heavy arrivals of cheap fish from China and Viet Nam. This USD/kg 3.5 has created a difficult market 3.3 environment, and prices are dropping. 3.0 2.50 2.8 The US market is slow and Chinese 2.5 2.3 tilapia producers are looking to sell 2.0 2.45 1.8 everything before the Chinese New Year. 1.5

Pangasius demand in Europe and the USA remains weak and the market Fillets - interleaved, 20% glaze, skinless, boneless, belly-off outlook is not good. The fresh Nile perch Fillets - IQF, white, 20%, 1kg poly bag

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market is picking up slowly, after the disappointing summer period. However, there are still plentiful stocks of frozen Nile perch fillets available in Europe which has kept prices stable.

The new season for in Hungary has started, but surprisingly prices have so far been disappointing.

SEABASS - SEABREAM - MEAGRE

After the typical upward trend in the last SEABASS/SEABREAM - in Italy origin: Greece quarter, prices for bass and bream have dropped off again as Christmas EUR/kg purchases begin to dry up. Overall, 6.5 6.0 5.00 however, prices have been high this 5.5 5.0 year, particularly for bream, and several 4.5 Greek companies have 4.0 4.50 3.5 returned to profitability – or at least 3.0 reduced losses - after a long period of difficulty. There has been much talk of

consolidation in Greece, seen as an Seabass fresh whole 300-450 gr/pc Seabream fresh whole 300-450 gr/pc important step to keep driving costs down, and the banks which are now majority shareholders in the largest companies are already seeking private investors.

Total Greek exports of bass and bream Farmed Finfish: Price Trend were down some 8% in the first 9

months of 2015 on the back of lower EUR/kg production, and flat in value terms. 6.5 5.15 5.5 Turkish exporters, meanwhile, have 4.5 5.00 more than compensated for reduced exports to Russia this year by increasing 3.5 4.50 quantities to other key markets across 2.5 the EU, the Middle East and the US.

Turkish supply has been tightening in Seabass seabream the latter half of 2015, keeping prices Salmon up, and lower production forecasts in both Turkey and Greece for 2016 should see the current price situation continue into next year.

7 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area GROUNDFISH December 2015

Cod/Cabillaud, Morue/ Fresh gutted 1.28 1.40 - Poland FOB Baltic Sea Bacalao IQF portion, single frozen 100-150 g/pc 7.70 8.44 - Italy CIF Iceland Gadus morhua Fresh - fillet 50-100 g/pc 4.00 4.39 CPT Denmark 100-200 5.00 5.64 - 200-400 7.01 7.91 Fresh - Whole 1-2 kg/pc 6.32 6.93 + 2-4 6.00 6.58 - Fillet - wet salted - 1st quality 700-1000 g/pc 9.00 9.87 - Italy DDP Iceland produced from fresh raw material Portion single frozen, 10% glaze 100-150 g/pc 7.60 8.33 CIF Stockfish 700 g/pc 22.50 24.67 - DDP Norway Fillet skinless 300-600 g/pc 7.30 8.01 Spain CIF 400-600 9.30 10.20 600-800 9.75 10.69 900-1300 11.80 12.94 900-1300 12.35 13.54 Netherlands Gadus macrocephalus Fillet - wet salted - 1st quality 400-700 g/pc 7.90 8.66 - Italy CIP Denmark produced from frozen raw material Hake/Merlu/Merluza Minced block 1.58 1.73 = Namibia FOB Namibia Merluccius capensis for Spanish market H&G, IWP 100-200 g/pc no quotation Spain FOB 350-500 500-800 Fillet skin on 2-4 oz/pc 2.90 3.18 DDP 4-6 3.45 3.78 6-8 3.55 3.89 8-12 3.95 4.33 IQF portion, trapeze 90-110 g/pc 6.25 6.85 + Italy CIF IQF 100-200 g/pc 6.30 6.91 Europe DDP South Africa Merluccius hubbsi H&G < 150 g/pc na Italy CIF Argentina 150-250 1.58 1.73 350-500 1.84 2.02 Fillet - skinless 80-120 g/pc 3.10 3.40 skin-on 2.98 3.27 Merluccius merluccius Fresh - whole 100-200 g/pc 4.10 4.50 + CPT Croazia Fresh - gutted 200-300 5.15 5.65 + 300-400 5.70 6.25 = Merluccius productus Fillet, PBO 2.69 2.95 - Spain EXW USA Minced block 1.69 1.85 = Alaska pollack/Lieu Fillet, PBO 2.79 3.05 * Netherlands EXW de l'Alaska/Colín Minced block 1.87 2.05 * de Alaska Industrial block single frozen 2.70 2.96 Europe CFR Theragra chalcogramma Industrial block double frozen 2.50 2.74 China Fillet, IQF 2-4 oz Fillet, baby food quality 3.88 4.26 + DDP USA H&G Russian Fed. Russian Fed. >25 1.17 1.28 = wholesale Vladivostok >30 1.06 1.16 >25 1.31 1.44 - wholesale Moscow

8 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area GROUNDFISH (cont.) December 2015

Surimi (Alaska pollack) Stick - Paprika 250 g/pc 2.49 2.73 + France CFR Spain Hoki H&G 100-300 g/pc 1.63 1.79 Spain FOB Macruronus magellanicus 300-500 1.63 1.79 500-900 1.63 1.79 Saithe/Lieu noir/ Fillet - interleaved 200-400 g/pc no quotation Europe CIF Faroe Islands Carbonero (Pollock, Coley) Fillet - skinless, PBI, interleaved 16-32 oz/pc 5.30 5.81 = Spain DDP Iceland Monkfish/Baudroie/ Fresh - Tail < 0.3 kg/pc 8.91 9.77 + Italy CPT UK Rape 0.3-0.5 10.62 11.65 + Lophius spp. 0.5-1 11.97 13.13 + 1-2 14.41 15.80 + > 2 17.17 18.83 + Fresh - whole 0.5-1 kg/pc 5.53 6.06 FCA France 1-2 5.80 6.36 Tails, skinless 100-250 g/pc 5.75 6.31 Spain DDP Namibia Frozen at land 250-500 6.75 7.40 100% net weight 500-1000 8.00 8.77 > 1000 8.75 9.60 /Eglefin/Eglofino H&G < 0.8 kg/pc NOK 20.00 2.10 2.30 Sweden FCA Norway Melanogrammus Fresh 1-1.5 kg/pc 5.20 5.70 Spain CIF aeglefinus > 1.5 5.50 6.03 > 2 5.65 6.20 Ling/Lingue franche/ Fillet - wet salted 1-1.5 kg/pc 4.95 5.43 + Italy DDP Faeroe Islands Maruca Produced from fresh raw material Molva molva 1st quality John Dory/ Frozen skin-on 60-100 g/pc 4.16 4.55 Germany CFR China Sainte Pierre IQF, 20% glaze 100-150 4.47 4.90 Pez de San Pedro 150-200 4.84 5.30 Zeus faber 200-300 5.02 5.50 300-400 5.34 5.85 Fresh - gutted 600-800 g/pc 11.20 12.28 Italy CPT Senegal 800-1000 9.40 10.31 - 1000-2000 9.60 10.53 - Sand steenbras/ Fresh 500/700 g/pc 7.16 7.85 + FCA Morocco Marbré/ Herrera 700/1000 7.23 7.93 + Lithognathus mormyrus Mixed 7.45 8.17 - 400-600 7.40 8.12 France 700-1000 7.73 8.48 200-300 g/pc 7.20 7.90 Spain 300-500 7.40 8.12 - Mediterranean 200-300 9.20 10.09 300-500 8.85 9.71 - CPT

9 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area FLATFISH December 2015

Turbot/Rodaballo Fresh - whole 0.5-1 kg/pc 6.50 7.33 Spain CIF Spain Psetta maxima cultured 1-2 7.90 8.91 2-3 11.30 12.74 3-4 18.90 21.31 Fresh - whole < 0.5 kg/pc 6.30 6.91 Netherlands wild 0.4-0.6 3.95 4.33 0.5-0.8 10.70 11.73 + 0.5-1 8.35 9.16 0.8-1 13.45 14.75 + 1-2 15.95 17.49 + 2-3 20.95 22.98 + 3-4 25.45 27.91 + 4-6 31.45 34.49 + Fresh - whole 0.4-0-6 kg/pc 6.50 7.13 + Italy CPT Spain/Portugal 0.8-1 6.55 7.18 + 1-1.5 6.34 6.95 - 1.5-2 7.70 8.44 = 2-2.5 10.05 11.02 - 3-4 14.24 15.62 - /Rodaballo Fresh - whole 0.5-1 6.94 7.61 Italy CPT Spain/Portugal Psetta maxima 0.7-1 7.03 7.71 1-2 1.05 1.15 2-3 16.20 17.77 > 4 14.00 15.35 1-2 kg/pc 11.36 12.46 = Netherlands 2-3 14.02 15.38 /Sole/ Fresh - whole < 170 g/pc 9.40 10.31 - Spain CIF Lenguado wild 170-220 12.05 13.21 - Solea vulgaris 200-300 14.35 15.74 200-250 13.05 14.31 - 300-400 16.95 18.59 - 400-500 18.70 20.51 - 500-600 20.95 22.98 - Fresh - whole 200-300 g/pc 20.60 22.59 France wild 300-400 24.30 26.65 No. 3 13.90 15.24 Italy CPT No. 4 12.00 13.16 No. 5 8.90 9.76 - Fresh - whole No. 2 18.39 20.17 - Netherlands No. 3 15.21 16.68 + No. 4 12.95 14.20 + Fresh - gutted No. 2 17.67 19.38 - No. 3 14.36 15.75 - No. 4 11.62 12.74 - No. 5 11.38 12.48 - Fresh - whole No. 2 14.91 16.35 CIF No. 3 14.15 15.52 No. 4 9.92 10.88 European / Fresh - whole 300-400 g/pc 3.70 4.06 - Spain CIF Plie d'Europe/ 400-600 3.95 4.33 - Solla europea > 600 5.20 5.70 + Pleuronectes platessa IQF, white skin-on, 25% glaze No. 2 4.50 4.93 - Netherlands FOB IQF skin-off, 25% glaze 4.70 5.15 - for Italian market

10 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area FLATFISH (cont.) December 2015

European / Fresh - fillets skin-on Large 4.00 4.39 - Italy CPT Flet d'Europe/ skinless Large 5.75 6.31 Platija europea whole 1.61 1.77 + Platichthys flesus 1.68 1.84 FCA Greenland / Fillet - skinoff, boneless, No quotations Denmark FOB Greenland Reinhardtius blockfrozen hippoglossoides /BILLFISHES December 2015

Tuna/Thon/Atún Skipjack - whole main size 0.91 1.00 - Bangkok CFR Western/Central Thunnus spp. Pacific Ocean Skipjack - whole 0.87 0.95 - Ecuador Eastern Tropical Yellowfin - whole 1.37 1.50 = ex-vessel Pacific Ocean Skipjack - whole main size 0.90 0.99 = Seychelles Indian Ocean Yellowfin - whole 1.50 1.64 = FOB Skipjack - whole 0.87 0.95 - Abidjan Atlantic Ocean Yellowfin - whole > 10 kg 1.55 1.70 = ex-vessel Skipjack - whole 1.8-3.4 kg/pc 1.05 1.15 + Spanish Various origins Yellowfin - whole > 10 kg 1.70 1.86 + Canneries CFR Skipjack - cooked & cleaned double cleaned 4.57 5.00 = Italy DDP Solomon Islands loins - vacuum packed Yellowfin - cooked & cleaned double cleaned 5.30 5.80 = Kenya/Mauri- loins - vacuum packed tius/Solomon Is. Tuna/Thon/Atún Yellowfin - whole 3-10 kg 1.20 1.32 Spain DAT Atlantic Ocean Thunnus spp. Bigeye - whole > 10 kg 1.10 1.21 Yellowfin - whole > 10 kg 1.85 2.04 Skipjack - whole > 3.5 kg 1.00 1.10 Indian Ocean Yellowfin - frozen loins 4.20 4.63 DDP Eastern Pacific Skipjack - frozen loins 3.20 3.53 CFR Ocean Bigeye - frozen loins 3.80 4.19 - frozen loins na CFR Indian Ocean Skipjack > 1.8 kg/pc 1.33 1.46 = Tunisia CFR Ghana Skipjack - pre-cooked loins 2.92 3.20 - Europe CFR Ecuador Yellowfin - pre-cooked loins double cleaned 4.11 4.50 - single cleaned 2.74 3.00 - Skipjack - whole 1.19 1.30 Skipjack - whole 1.9-3.4 kg/pc 0.91 1.00 Ecuador FOB 3.5-5 1.00 1.10 Yellowfin - pre-cooked loins double cleaned 4.66 5.10 single cleaned 4.57 5.00 Skipjack - pre-cooked loins 3.93 4.30 /Espadon/ Frozen at sea, DWT 30-50 kg/pc 6.20 6.80 Spain FOT Spain Pez espada 100% net weight 50-70 6.10 8.47 Xiphias gladius Fresh - gutted < 12 kg/pc 8.73 12.12 - Italy CPT Whole Mediterranean 13-18 8.73 12.12 19-25 10.85 15.07 + 26-35 10.85 15.07 + Whole Atlantic 19-25 7.91 10.99 - FCA 26-35 7.92 11.00 - 36-50 7.77 10.79 - > 50 7.57 10.51 -

11 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area SMALL PELAGICS December 2015

Mackerel/Maquereau/ Fresh - whole 4-6 pc/kg 1.89 2.07 + Italy CPT France Caballa Fresh - Fillets 4.66 5.11 + Scomber scombrus butterfly cut Whole 200-400 g/pc No quotations Netherlands/Poland UK 300-500 FOB H&G > 200 g/pc na for Eastern Europe Greenl./Faroe. I Whole 3-4 pc/kg 1.05 1.15 Spain FOB Spain Horse / Whole > 24 cm/pc 1.23 1.35 Morocco FOB for Morocco Chincard/ Jurel European market Trachurus spp Herring/Hareng/Arenque Fresh - fillet 2.30 2.52 + Italy CPT Denmark Clupeidae Fresh - whole 250-300 g/pc 1.20 1.32 - Russian Fed. Russian Fed. > 350 1.52 1.67 + wholesale Moscow > 25 0.79 0.87 - Russian Fed. > 300 1.02 1.12 - wholesale Vladivostok > 250 0.91 1.00 70-100 g/pc 0.26 0.29 - Poland FOB Baltic /Sprat/Espadín 0.17 0.19 + Sprattus sprattus /Sardine/ Sardina Fresh - whole 0.84 0.92 + Italy CPT Croatia Sardina pilchardus 0.80 0.88 Italy Fresh - fillet 4.31 4.73 + France 4.88 5.35 - UK

12 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

CEPHALOPODS December 2015

Squid/Encornet/Calamar Whole S (< 18 cm) 5.60 6.14 Italy CIF South Africa Loligo spp. M (18-25) 5.80 6.36 L (25-30) 6.00 6.58 XL (>30) 6.00 6.58 Loligo gayi Whole 18-22 cm 4.95 5.43 Spain FCA Falkland/ 15-18 4.95 5.43 Malvinas Isl. 12-16 4.95 5.43 Loligo vulgaris Fresh - whole 100-300 g/pc 10.35 11.35 Italy FCA Morocco 300-400 13.40 14.70 400-600 9.47 10.39 600-1000 13.50 14.80 Whole 2 small 5.20 5.70 Mauritania FOB Mauritania 3 small 4.50 4.93 for European market 4 small 4.00 4.39 small 5.70 6.25 medium 6.00 6.58 large 6.10 6.69 Loligo duvacelli Whole cleaned, < 5 3.84 4.20 Germany CFR India < 10 3.74 4.10 11-20 2.97 3.25 21-40 2.56 2.80 Loligo chinensis < 3 4.25 4.65 China 3-6 3.47 3.80 6-10 3.01 3.30 10-15 2.65 2.90 15-20 2.28 2.50 Dosidicus gigas Raw fillet 2-4 kg/pc 0.90 0.99 Europe CFR Chile 1.00 1.10 + Peru Raw tentacle 1-2, 2-3 kg/pc 0.90 0.99 Chile < 1, 1-2 0.87 0.95 = Peru > 2 1.14 1.25 = Raw wings 0.55 0.60 = Chile whole without cartilage 0.78 0.85 + Peru Necks 0.59 0.65 Chile open with cartilage 1.28 1.40 + Peru Darum membraneless 2.28 2.50 - Boiled wings - skin-on 1.28 1.40 + Squid rings - thawed 2.67 2.93 + Italy CPT Squid stripes - thawed 1.82 2.00 - Tentacles 2.02 2.22 -

13 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area CEPHALOPODS (cont.) December 2015

Octopus/Poulpe/Pulpo Whole - FAS T1 8.95 9.82 Morocco FOB, Morocco Octopus vulgaris T2 7.95 8.72 for Spanish market T3 6.75 7.40 T4 6.15 6.74 T5 5.45 5.98 Sushi slice 7 g/pc 12.79 14.00 - Europe CFR Indonesia 100% net weight 9 g 12.79 14.00 - boiled cut 7.81 8.55 - 100% net weight Flower type 1-2 kg/pc 4.20 4.60 - 90% net weight >2 4.84 5.30 + Eledone moschata Fresh 2.97 3.28 - Italy CPT Croazia 3.37 3.72 FCA Francia 2.57 2.84 - Spagna extra 8.05 8.88 - CPT Croazia small 5.52 6.09 - medium 3.04 3.35 - 80-120 g/pc 4.20 4.63 Tunisia 50-80 4.40 4.85 < 50 4.50 4.96 Cuttlefish/Seiche/ Whole, cleaned, IQF < 10 pc/kg 4.75 5.20 + Germany CFR India Sepia 20% glaze 11-20 4.75 5.20 + Sepia spp. Fresh - whole 300-500 g/pc 4.20 4.61 + Italy FCA France/UK 500-1000 3.75 4.11 - CPT IQF, 10% glaze 100-200 g/pc 5.32 5.83 CIF Morocco 200-300 5.32 5.83 300-400 5.32 5.83 400-600 5.32 5.83 600-800 5.32 5.83

14 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

CRUSTACEANS December 2015

Whiteleg shrimp/ PD, chemical treatment 31-40 pc/lb 9.04 9.90 - Europe CFR Indonesia Crevette pattes 100% net weight 41-50 8.49 9.30 - blanches/Camarón treated with non-phosphate 51-60 8.22 9.00 - patiblanco 61-70 7.58 8.30 - Penaeus vannamei 71-90 7.49 8.20 = 91-120 7.12 7.80 = Blanched, PD 10-20 pc/g 6.85 7.50 India IQF, 20% glaze 16-20 8.04 8.80 20-40 6.48 7.10 31-40 6.21 6.80 41-50 7.99 8.75 + 40-60 6.12 6.70 60-80 5.30 5.80 80-120 4.38 4.80 C&P, deveiled, tail-off 41-60 pc/lb 6.48 7.10 Viet Nam IQF, 20% glaze 61-80 6.21 6.80 Head-on, shell-on 20-30 pc/kg 9.00 9.85 - Central 30-40 7.76 8.50 - America 40-50 6.62 7.25 + 50-60 5.98 6.55 - 60-70 5.48 6.00 - 70-80 5.07 5.55 - 80-100 4.70 5.15 - 100-120 4.38 4.80 = 120-140 3.84 4.20 = Tails 21-25 pc/lb 10.07 11.02 - 26-30 8.25 9.04 - 31-35 7.75 8.49 - 36-40 7.35 8.05 - 41-50 7.05 7.72 - 51-60 6.44 7.05 - 61-70 6.04 6.61 - 71-90 5.74 6.28 - 91-110 4.63 5.07 = Head-on, Shell-on 30-40 pc/kg 6.76 7.40 - South/Central 40-50 6.30 6.90 - America FOB 50-60 5.48 6.00 - for European main 60-70 5.11 5.60 - ports 70-80 4.57 5.00 - 80-100 4.29 4.70 + > 100 3.93 4.30

15 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

CRUSTACEANS (cont.) December 2015

Green tiger / Headless, shell-on, block 41-50 pc/kg 6.94 7.60 Europe CFR Belgium Crevette tigrée verte/ 100% net weight, net count 51-60 6.30 6.90 Langostino tigre verde 61-50 5.94 6.50 Penaeus semisulcatus 71-90 5.57 6.10 91-120 5.21 5.70 100-200 4.75 5.20 200-300 4.47 4.90 300-500 4.11 4.50 Headless, shell-on, block 71-90 pc/kg 6.48 7.10 100% net weight, net count 91-120 6.21 6.80 PUD, RAW 100-200 5.94 6.50 200-300 5.48 6.00 300-500 4.84 5.30 Broken 3.74 4.10 PUD, RAW, IQF, 78% weight& 61-70 5.02 5.50 22% glaze 71-90 4.66 5.10 100% net weight, frozen count 91-120 4.52 4.95 100-200 4.20 4.60 200-300 3.84 4.20 PUD, Cooked, IQF, 78% weight& 61-70 5.66 6.20 22% glaze 71-90 5.48 6.00 100% net weight, frozen count 91-120 5.30 5.80 100-200 5.11 5.60 200-300 4.52 4.95 Metapenaeus / Untreated, net weight, net count 100-200 pc/kg 6.12 6.70 Europe CFR India Crevettes Metapenaeus 200-300 5.25 5.75 Camarones 300-500 4.52 4.95 Metapenaeus Metapenaeus spp Argentine red shrimp/ Head-on, shell-on 10-20 pc/kg 7.70 8.44 = Spain EXW Argentina Salicoque rouge/ 20-30 7.00 7.68 = d'Argentine/Camarón 30-40 6.90 7.57 = langostín argentino 40-60 6.70 7.35 = Pleoticus muelleri Black tiger/Crevette Headless 8-12 pc/lb 11.51 12.60 - Europe/ Bangladesh tigrée/Camarón tigre 20% glaze, IQF 13-15 12.24 13.40 Russian Fed. Penaeus monodon 16-20 9.09 9.95 21-25 7.03 7.70 26-30 6.85 7.50 31-40 6.58 7.20 Headless, shell-on, block frozen 13-15 pc/kg 11.87 13.00 Europe CFR Belgium 16-20 11.87 9.50 21-25 8.68 8.20 26-30 7.49 7.50 31-40 6.85 7.10 Deep-water rose shrimp/ Fresh - Peeled tail Mixed 10.00 11.37 = Italy CPT Italy Crevette rose du large/ Gamba de altura/ Parapenaeus longirostris

16 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area CRUSTACEANS (cont.) December 2015

Common shrimp/ Fresh, shell-on 26.00 28.51 = Spain CIF Netherlands Crevette grise/Quisquilla Crangon crangon Head-on, shell-on 11.70 12.83 = Norway lobster/ Fresh - Whole 3-5 pc/kg na DDP Langoustine/Cigala 4X1.5 kg 4-7 25.35 26.97 Nephrops norvegicus 6-9 20.85 22.18 8-12 19.35 20.59 11-15 19.45 20.69 + 16-20 16.50 18.09 + 20-30 13.60 14.91 - 31-40 11.25 12.34 + 41-50 7.35 8.06 Tails 40-60 13.35 14.64 Whole 00 13.78 15.11 Spain CIF Scotland 0 12.38 13.58 1 10.98 12.04 2 9.68 10.62 3 8.48 9.30 4 7.28 7.98 5 5.15 5.65 Fresh - whole 5-9 pc/kg 21.00 23.03 Netherlands 11-15 18.90 20.73 16-20 15.45 16.94 20-30 13.00 14.26 31-40 10.70 11.73 41-50 8.55 9.38 Fresh - whole, head 8-10 pc/kg 16.45 18.04 Italy CPT Denmark/ 11-15 13.81 15.14 - UK 16-20 11.85 13.00 - 21-30 10.66 11.69 + FCA 41-50 5.72 6.27 + European lobster/ Live - bulk 400-600 g/pc 20.00 21.93 France delivered Ireland Homard européen/ 600-800 20.00 21.93 to French vivier Bogavante Fresh - whole Large 22.01 24.14 + Italy CPT UK Homarus gammarus small 20.25 22.21 + / Live hard shell 9.93 10.89 Canada Homard américain/ Live hard shell 11.58 12.70 USA Bogavante americano Live soft shell 12.67 13.89 + Homarus americanus Popsicle < 450 g/pc CAN 25.00 18.97 17.38 Canada FOB Canada (canner size) for European mkt > 450 CAN 26.00 18.97 17.38 (market size) Whole cooked netted lobster canners CAN 16.70 12.18 11.16 market CAN 17.95 13.09 12.00 Edible /Tourteau/ Live T2 2.43 2.66 + France Auction France Buey de mar 13-16 cm Cancer pagurus Spinous spider crab/ Fresh - female 3.70 4.06 - Italy CPT UK Araignée européenne/ male 3.70 4.06 - Centolla europea/ Fresh - female 3.13 3.43 - France Maja squinado male 2.93 3.21 - Fresh-female small 2.30 2.52 + male small 2.10 2.30 -

17 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

BIVALVES December 2015

Oyster/Huître/Ostra Live No. 3 4.00 4.39 - France prod. Price/ Ireland/France Crassostrea gigas average export price 60-100 g/pc 16.56 18.16 = Spain CIF Netherlands Italy Ostrea edulis 95-110 g/pc 19.19 21.04 = Netherlands >130 13.85 15.19 = /Moule/Mejillón Live - Bottom mussel 2.10 2.30 = France wholesale France Mytilus edulis 1.80 1.97 = Netherlands Mytilus galloprovincialis Live - Rope 60-80 pc/kg 2.00 2.19 = Spain Fresh 20-25 pc/kg no quotation Spanish market 25-30 EXW 30-40 40-70 1.22 1.34 Italy CFA 1.15 1.26 Italy Fresh - whole 1.15 1.26 Italy FCA 1.77 1.94 - CPT 1.23 1.35 + FCA Spain 1.77 1.94 - CPT shell on 2.09 2.29 + FCA 2.08 2.28 + CPT Mytilus chilensis IQF - shell-off, 7% glaze 200-300 pc/kg 4.70 5.15 + CIF Chile Cooked mussel meat IQF 100-200 pc/kg 2.97 3.25 France CIF 200-300 2.88 3.15 300-500 2.83 3.10 Cooked mussel whole shell, IQF 80-100 pc/kg 2.01 2.20 Razor shell/Couteau/ Fresh S 7.60 8.33 = Spain CIF Ireland Navajas - Solenidae M 8.50 9.32 = L 9.75 10.69 = Live 10-12 cm/pc 3.43 3.76 = Netherlands

18 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

SALMON December 2015

Atlantic salmon/ Fresh - gutted, head-on 2-3 kg/pc 3.30 3.62 France CIF Scotland Saumon de l'Atlantique/ Superior quality 3-4 4.35 4.77 Salmón del Atlántico 4-5 4.65 5.10 Salmo salar 5-6 4.75 5.21 > 6 4.90 5.37 Fresh - gutted, head-on 2-3 kg/pc 2.80 3.07 Norway Superior quality 3-4 4.85 5.32 4-5 5.30 5.81 5-6 5.30 5.81 > 6 5.70 6.25 1-2 kg/pc NOK 37.54 3.94 4.32 * Norway FOB 2-3 NOK 44.56 4.67 5.13 * 3-4 NOK 49.72 5.21 5.73 * 4-5 NOK 50.77 5.32 5.85 * 5-6 NOK 51.36 5.38 5.92 * 6-7 NOK 51.54 5.40 5.94 * 7-8 NOK 52.04 5.46 5.99 * 8-9 NOK 52.50 5.50 6.05 * > 9 NOK 51.21 5.37 5.90 * Fresh 3-4 kg/pc 6.90 7.57 Spain CFR gutted, head-on 4-5 kg/pc 4.80 5.26 Tunisia CFR 5-6 4.80 5.26 Fresh - salmon cubes 8x8x8 9.73 10.67 Europe CFR IQF - salmon slices 9.90 10.86 Fresh - Whole - Superior 2-3 kg/pc 3.52 3.86 * Italy FCA 3-4 4.44 4.87 - 4-5 4.62 5.07 - 5-6 4.69 5.14 - 6-7 4.77 5.23 - 7-8 5.05 5.54 * 8-9 na 9-10 na 3-4 5.32 5.83 CIF 4-5 5.45 5.98 5-6 5.35 5.87 IQF portion 100-150 g/pc 10.20 11.19 Denmark Atlantic salmon/ Head-on, gutted, grade 1 6-7 kg/pc 5.08 5.57 Denmark DDP Chile Saumon de l'Atlantique/ Fillet, interleaved 1-2 lb/pc 4.87 5.34 Salmón del Atlántico 2-4 4.17 4.57 Salmo salar Fillet, VAC 1-2 lb/pc 6.10 6.69 3-4 6.15 6.74 Fillet, IQF 2-3 lb/pc 6.15 6.74 4-5 6.88 7.55 Bits and pieces 5.94 6.50 Europe CIF scapped meat 4.29 4.70

19 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area

TROUT December 2015

Trout/Truite/Trucha Whole, gutted, fresh on ice 0.25-0.4 kg/pc HUF 1536 4.85 5.32 + Hungary ex-farm Hungary Salmo trutta Fillet - farmed 200-400 g/pc 8.30 9.10 Italy ex-farm Italy Live - farmed 500-700 g/pc 3.60 3.95 Rainbow trout/ Live - farmed 250-400 g/pc 3.20 3.51 Truite arc-en-ciel/ Gutted 250-400 g/pc 4.30 4.72 Trucha arco iris Oncorhynchus mykiss FRESHWATER FISH December 2015

Carp/Carpe/Carpa Live 1.2-5 kg/pc HUF 841 2.66 2.91 Hungary Hungary Cyprinus spp. Fresh, whole, gutted, head-off 0.7-4.5 kg/pc HUF 1121 3.54 3.88 ex farm Fresh on ice - slices HUF 1068 3.37 3.70 + Fresh on ice - fillets HUF 1156 3.65 4.00 - Crucian Carp/Carassin Live 0.45-0.9 kg/pc HUF 392 1.24 1.36 Carpín carassius / Carpe Live 0.8-3 kg/pc HUF 701 2.21 2.43 chinoise/Carpa China Fresh, whole, gutted, head-off HUF 1093 3.45 3.79 Ctenopharyngodon idellus /Carpe à Fresh gutted, head-off 0.7-5.0 kg/pc HUF 677 2.14 2.35 grosse tête/Carpa Fresh on ice - slices HUF 649 2.05 2.25 - capezona Fresh on ice - fillets HUF 765 2.42 2.65 - Aristichthys nobilis Live 1-5.5 kg/pc HUF 420 1.33 1.45 Nile perch/Perche du Fillet - skinless 300-500 g/pc 5.02 5.50 EU CFR Uganda Nil/Perca del Nilo Interleaved, 100% net weight 500-1000 5.30 5.80 Lates niloticus Fresh whole 200-400 g/pc 2.63 2.88 Italy FCA yellow 200-400 g/pc 2.63 2.88 red 200-400 g/pc 2.63 2.88 Tanzania green 200-400 g/pc 2.64 2.90 Fresh fillet 200-400 g/pc 5.29 5.80 400-700 5.21 5.71 Fillet - skinless, PBI, IWP 500-1000 g/pc 4.75 5.20 - Spain CFR Nile Tilapia/Tilapia du Fillet - skinless, IQF, PBO 5-7 oz/pc 3.52 3.85 - China Nil/Tilapia del Nilo non-treated, 10% glaze Oreochromis niloticus North African / Fresh - fillets skinless HUF 1442 4.55 5.00 Hungary Hungary Poisson chat nord- Fresh - fillets skin-on HUF 1330 4.20 4.61 ex farm africaine/ pez gato Fresh, whole, gutted, head-off HUF 1191 3.76 4.13 Clarias gariepinus European catfish/ Live 0.8- 4 kg/pc HUF 1682 5.31 5.83 Silure glane/Siluro Fresh on ice - slices HUF 2518 7.95 8.72 Silurus glanis Fresh on ice - fillets HUF 3225 10.18 11.17 Pangasius spp. Fillet refreshed 3.55 3.89 Italy CIF Hungary Fillet, IQF, white - 20% glaze 120-170 g/pc 1.86 2.04 CPT Fillet, IQF, white - 20% glaze 170-220 1.86 2.04 Fillet, IQF, white - 5% glaze 3.26 2.04 Fillet, IQF, white - 20% glaze 120-170-220 1.84 2.02 Spain CFR Fillet, 100% net weight, IQF g/pc 2.28 2.50 Fillet, 100% net weight, interlvd 2.24 2.45

20 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area NON-TRADITIONAL SPECIES December 2015

Sturgeon/Esturgeon/ Frozen - Whole 1.5-2 kg/pc 5.00 5.48 France CIF France Esturione Gutted 5-7 kg/pc 6.50 7.13 Acipenseridae Fillets 200-300 g/pc 10.50 11.51 800-1000 10.50 11.51 A.baeri Caviar (Aquitaine) metal boxes 1 300 1 426 Ribbonfish 300-1500 g/pc 2.50 2.74 Europe CFR Senegal Trichiurus lepturus SEABASS/SEABREAM/MEAGRE December 2015

Seabass/Bar, Fresh - whole 200-300 g/pc 3.40 3.73 - Greece FOB Greece Loup/Lubina farmed 300-450 4.30 4.72 - Dicentrarchus labrax 450-600 4.90 5.37 - 600-800 6.00 6.58 - 800-1000 7.30 8.01 - > 1000 9.50 10.42 = 200-300 g/pc 3.60 3.95 - Italy CIF 300-450 4.50 4.93 - 450-600 5.10 5.59 - 600-800 6.20 6.80 - 800-1000 7.50 8.22 - > 1000 9.70 10.64 = 200-300 g/pc 3.65 4.00 - France CIF 300-450 4.55 4.99 - 450-600 5.15 5.65 - 600-800 6.25 6.85 - 800-1000 7.55 8.28 - > 1000 9.75 10.69 = 200-300 g/pc 3.64 3.99 - Spain CIF 300-450 4.54 4.98 - 450-600 5.14 5.64 - 600-800 6.24 6.84 - 800-1000 7.54 8.27 - > 1000 9.74 10.68 = 200-300 g/pc 3.67 4.02 - Germany CIF 300-450 4.57 5.01 - 450-600 5.17 5.67 - 600-800 6.27 6.88 - 800-1000 7.57 8.30 - > 1000 9.77 10.71 = 200-300 g/pc 3.65 4.00 - Portugal CIF 300-450 4.55 4.99 - 450-600 5.15 5.65 - 600-800 6.25 6.85 - 800-1000 7.55 8.28 - > 1000 9.75 10.69 =

21 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area SEABASS/SEABREAM/MEAGRE (cont.) December 2015

200-300 g/pc 3.83 4.20 - UK CIF 300-450 4.73 5.19 - 450-600 5.33 5.85 - 600-800 6.43 7.05 - 800-1000 7.73 8.48 - > 1000 9.93 10.89 = Seabass/Bar, Fresh - whole 200-300 g/pc 4.00 4.51 = Italy CIF Greece Loup/Lubina farmed 300-450 4.50 5.07 - Dicentrarchus labrax 450-600 5.10 5.75 - 600-800 6.50 7.33 - 800-1000 8.00 9.02 = 1000-1500 9.00 10.15 = > 1500 11.00 12.40 = > 2000 15.50 17.48 = 200-300 g/pc 4.40 4.83 Spain CIF Canary Island 300-400 4.70 5.15 (Spain) 400-600 5.70 6.25 600-800 7.91 8.67 800-1000 10.21 11.20 1000-2000 g/pc 16.80 18.42 France 2000-3000 18.60 20.40 3000-4000 20.80 22.81 Fresh - whole - wild 1000-2000 g/pc na Italy FCA Morocco Atlantic > 2000 na > 3000 na Fresh - whole - wild 400-600 g/pc na CPT Egypt Mediterranean 600-800 13.00 14.26 = 800-1000 13.00 14.26 = 1000-2000 13.00 14.26 = > 2000 13.00 14.26 > 3000 33.00 36.19 Italy Farmed - Orbetello Large 10.70 11.73 = FCA Medium 9.70 10.64 + Small na

22 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area SEABASS/SEABREAM/MEAGRE (cont.) December 2015

Gilthead seabream/ Fresh - whole 200-300 g/pc 4.70 5.15 = Greece FOB Greece Dorade royale/Dorada farmed 300-450 4.80 5.26 - Sparus aurata 450-600 4.90 5.37 - 600-800 5.50 6.03 - 800-1000 9.50 10.42 = > 1000 10.50 11.51 = 200-300 g/pc 4.90 5.37 = Italy CIF 300-400 5.15 5.65 * 300-450 5.00 5.48 - 450-600 5.10 5.59 - 600-800 5.70 6.25 - 800-1000 9.70 10.64 = > 1000 10.70 11.73 = 200-300 g/pc 4.95 5.43 = France CIF 300-450 5.05 5.54 - 450-600 5.15 5.65 - 600-800 5.75 6.31 - 800-1000 9.75 10.69 = > 1000 10.75 11.79 = 200-300 g/pc 4.94 5.42 = Spain CIF 300-450 5.04 5.53 - 450-600 5.14 5.64 - 600-800 5.74 6.29 - 800-1000 9.74 10.68 = > 1000 10.74 11.78 = Gilthead seabream/ Fresh - whole 200-300 g/pc 4.97 5.45 = Germany CIF Greece Dorade royale/Dorada farmed 300-450 5.07 5.56 - Sparus aurata 450-600 5.17 5.67 - 600-800 5.77 6.33 - 800-1000 9.77 10.71 = > 1000 10.77 11.81 = 200-300 g/pc 4.95 5.43 = Portugal CIF 300-450 5.05 5.54 - 450-600 5.15 5.65 - 600-800 5.75 6.31 - 800-1000 9.75 10.69 = > 1000 10.75 11.79 = 200-300 g/pc 5.13 5.63 = UK CIF 300-450 5.23 5.74 - 450-600 5.33 5.85 - 600-800 5.93 6.50 - 800-1000 9.93 10.89 = > 1000 10.93 11.99 = Fresh - whole - wild 600-800 g/pc 8.57 9.40 - Italy FCA Morocco Atlantic 800-1000 9.86 10.81 - 1000-2000 11.91 13.06 - > 2000 11.47 12.58 -

23 Fish Species Product Form Grading Price per kg Reference Origin Trade Name As stated EUR USD & Area SEABASS/SEABREAM/MEAGRE (cont.) December 2015

Fresh - whole, culture 300-400 g/pc 5.50 6.03 CIF Greece wild 400-600 g/pc 14.00 15.35 CPT Egypt 600-800 14.00 15.35 800-1000 14.00 15.35 1000-2000 14.00 15.35 farmed Orbetello Large 10.70 11.73 = FCA Italy Medium 9.69 10.63 - Small 7.60 8.33 = Meagre/Maigre Fresh - Whole 500-1000 g/pc 5.00 5.48 Italy FCA Greece commun/Corvina farmed 1000-2000 5.30 5.81 Argyrosomus regius > 2000 6.00 6.58 + > 3000 7.24 7.94 > 2000 g/pc 6.00 6.58 = CIF wild 600-800 g/pc 8.50 9.32 CPT Egypt 800-1000 9.00 9.87 = 1000-2000 9.00 9.87 = 2000-4000 9.00 9.87 =

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PRICE REFERENCE (INCOTERMS 2010)

CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid To CPT Carriage Paid To DAT Delivered at Terminal DAP Delivered at Place DDP Delivered Duty Paid EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board

(DAF, DES, DEQ and DDU have been cancelled)

PRODUCT FORM C&P Cooked and Peeled FAS Frozen at Sea H&G Headed and Gutted HOG Head on Gutted (salmon) IQF Individually Quick Frozen IWP Individually Wrapped Pack PBI Pinbone In PBO Pinbone Off PD Peeled and Deveined PTO Peeled Tail On PUD Peeled, Undeveined

SYMBOLS + Price increased in original currency since last report - Price decreased in original currency since last report = Updated but unchanged price * New insertion Not updated since last issue

CURRENCY RATES

USD EUR Canada CAD 1.37 1.50 Hungary HUF 288.67 316.66 Norway NOK 8.68 9.54 USA USD 1.10 EU EUR 0.91 Denmark DKK 6.80 7.46 8 Exchange Rates: 14/12/15

The European Fish Price Report is a monthly GLOBEFISH publication. This issue was prepared by Helga Josupeit, Wei Wang and Felix Dent.

It can be ordered from the FISH INFONetwork:

FAO GLOBEFISH INFOYU (China) INFOFISH (Asia/Pacific) (Network coordinator) Room 514, Nongfeng Building 1st Floor, Wisma LKIM Viale delle Terme di Caracalla No. 96 East Third Ring Road Jalan Desaria - Pulau Meranti 00153 Rome - Italy Chaoyang District 47120 Puchong, Selangor DE Tel: (39) 06 57055188 Beijing 100122 – P.R. China Malaysia Fax: (39) 06 57053020 Tel: (86-10) 59199614 Tel: (603) 80649282/80649169 E-mail: [email protected] Fax: (86-10) 59199614 Fax: (603) 2078 6804 Web site: www.globefish.org E-mail: [email protected] E-mail: [email protected] Web site: www.infoyu.net Web site: www.infofish.org INFOPECHE (Africa) Tour C, 19éme étage, Cité EUROFISH INFOSA - sub-office Administrative (Central and Eastern Europe) INFOPECHE (Southern Africa) Abidjan 01 - Côte d’Ivoire H.C. Andersens Blvd 44-46 89, John Meinert Street- West Tel: (225) 20228980 1553 Copenhagen - Denmark Windhoek -Namibia Fax: (225) 20218054 Tel: (45) 33377755 Tel: (264) 61279430 E-mail: [email protected] Fax: (45) 33377756 Fax: (264) 61279434 Web site: www.infopeche.ci E-mail: [email protected] E-mail:[email protected] Web site: www.eurofish.dk Web site: www.infosa.org.na INFOPESCA

(Latin America) INFOSAMAK Julio Herrera y Obes 1296 (Arab Region) 11200 Montevideo - Uruguay 71 blvd Rahal El Meskini Tel: (598) 2 9028701 Casablanca 20 000 - Morocco Fax: (598) 2 9030501 Tel: (212) 522540856 E-mail: [email protected] Fax: (212) 522540855 Web site: www.infopesca.org E-mail: [email protected] Web site : www.infosamak.org

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All rights reserved. No part of FAO/GLOBEFISH European Fish Price Report may be reproduced, stored in a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying or otherwise), without prior permission. Requests for use of this material (including purpose and extent) should be addressed to: GLOBEFISH - Fisheries and Aquaculture Department - Food and Agriculture Organization,10 Viale delle Terme di Caracalla, 00153 Rome, Italy.

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