Globefish European Fish Price Report. Issue 8/2016, August 2016

A GLOBEFISH monthly update Issue 8/2016 August 2016

Index for prices LATEST TRENDS

August is a key consumption period for seafood in Europe, Groundfish 8 particularly in the Southern part of the continent. This year, fear of terrorist attacks has seen more Italians and Spaniards Flatfish 10 spending their holidays in their own countries, leading to higher restaurant consumption of traditional seafood items, especially Tuna 11 cephalopods. Small Pelagics 12

Cephalopods 12 GROUNDFISH Crustaceans 14 Polish cod and flatfish prices have been going up, as supply is very tight at the moment. The hake market in Spain has Bivalves 17 continued along the same lines as in previous months, with hake Salmon 17 blocks in strong demand and prices trending upwards quite strongly. Trout 18

For wet-salted cod fillets from frozen raw material (Gadus Freshwater fish 18 macrocephalus), demand on the market is strengthening. Prices Non-Traditional are rising also due to the fact that Japanese and Chinese buyers Species 19 are increasingly looking for Gadus macrocephalus as raw material for their own processing industry. Seabass-Seabream- Meagre 19

COD - in Poland (FOB, origin: Baltic Sea)

USD/kg The European Fish Price Report, 2.4 based on information supplied by 2.2 industry correspondents, aims to 1.9 provide guidance on broad price trends. 1.7 Price information is indicative and 1.4 should be used only for forecasting 1.2 1.59 medium- and long-term trends. FAO is 0.9 not responsible for any errors or omissions.

Fresh gutted For wet-salted cod fillets (Gadus TURBOT - in Spain, origin: Spain morhua) from fresh raw material of EUR/kg Faroese origin, the situation is stable, 25.0 with poor catches of cod continuing. 23.0 23.20 21.0 Producer stocks in both the Faroe 19.0 18.35 17.0 Islands and Iceland are low. 15.0 13.0 15.25 11.0 9.0 Strong demand in local restaurants 7.0 10.00 from Spanish consumers has resulted in 5.0 fierce price increases for turbot,

especially for large-sized specimens. Fresh - whole, cultured 0.5- 1kg/pc 1-2 kg/pc Prices for the 3-4 kg category reached 2-3 kg/pc 3-4 kg/pc a record level of EUR 23.20 per kg, but all other sizes also saw price increases, with the small turbot (0.5-1 kg) category reaching an all-time high of EUR 10.00 per kg. However, it is likely that prices will fall back to more normal levels in the closing months of the year.

TUNA - BILLFISHES

TUNA - Pacific Ocean August is the period when European USD/kg canners typically close down for the 3.0 before holiday season. As a result, 2.5 demand for raw material is low, and 2.0 1.55 prices have generally been stable or have 1.5 declined somewhat. Demand for canned 1.0 1.40 0.5 tuna is reported to be weaker than in recent years, with bad weather in the Skipjack Bangkok CFR Skipjack Ecuador, ex-vessel Northern part of the continent playing an important role.

Fishing in the Western and Central Pacific TUNA - Indian/Atlantic Oceans continues at a moderate level as the fish EUR/kg aggregating device (FAD) closure enters 3.0 2.30 its second month. There is little change in 2.5 the situations of the Thai canneries as 2.0 2.10 1.5 they continue to report healthy raw 1.25 1.0 material inventories and slow production 0.5 1.18 activities, and as a result skipjack prices have remained stable. Skipjack, Seychelles, FOB Yellowfin, Seychelles, FOB Skipjack, Abidjan, ex-vessel Yellowfin, Abidjan, > 10 kg, ex-vessel

2 Catches in the Eastern Pacific are low and local canneries are reporting slim raw material inventories. The situation has been worsened by the two-month Inter-American Tropical Tuna Commission veda (fishing closure), which began on 29 July 2016. 36% of the fleet opted for this closure period as the fleet TUNA - Spanish canneries owner can decide during which period their vessels remain in the harbour. The EUR/kg 2.55 price for Ecuadorian skipjack, eligible for 3.0 EU zero tariff, is slightly up compared 2.5 with last month while the yellowfin price 2.0 1.5 is unchanged. 1.0 1.30 There is no change in the situation in the 0.5 Indian Ocean. Fishing continues at a moderate level and local canneries continue to report healthy raw material Yellowfin, > 10 kg, Spain CFR Skipjack, main sizes, Spain CFR inventories. Both skipjack and yellowfin prices have decreased.

Fishing in the Atlantic Ocean is moderate to good and raw material inventories at local canneries are healthy. As a result of the improvement in fishing, together with the reduced demand from Europe due to holiday closure, skipjack and yellowfin prices have dropped.

European prices for skipjack and yellowfin continue to fall, as inventories of raw material are full and canneries are closed for the holiday season.

SMALL PELAGICS

Herring catches by the Polish fleet are currently very limited. Although demand is not very strong, prices have shown some upward tendencies.

CEPHALOPODS

Squid supplies are low at the moment as the Southwest Atlantic squid season was very disappointing. Prices are moving up in all major markets, especially in the Southern part of the continent, where squid is an important item for the restaurant trade. Demand has also been strong for octopus and cuttlefish, leading to higher prices for these species.

3 Catches remain poor in South Africa, and SQUID - in Italy, origin: South Africa some boats have stayed in port as the EUR/kg winter weather has discouraged 8.0 operations. With inventories low, there 7.0 has been a firming of prices, by around 6.0 5.0 6.70 EUR 200/tonne. There is now a growing 4.0 realization in the industry that it is 3.0 important to ensure that South African products remaining competitive, Squid - Whole, FAS, size M particularly with the South African currency strengthening against the euro. There is hope among South African producers that once the winter storms are over, squid will move back into the main fishing grounds.

CRUSTACEANS

Indonesian production of cultured WHITELEG SHRIMP - origin: Ecuador shrimp has been slow due to poor weather and extreme temperature USD/kg variations during the transition period 11.0 9.5 from rainy to dry season. In fact, the dry 8.0 6.95 season did not start as anticipated in 6.5 April and as a result farmers did not fill 5.0 3.5 ponds as normal, leading to reduced production. This situation will last at least for another month, with the sector 40-50 pc/kg hoping that the temperatures will return to normal levels. Raw material in the 26/30 and 41/50 category has been in very short supply, and prices are trending upwards for these sizes.

During 2016, Ecuador has directed 50 percent of its shrimp exports to Asian markets, to compensate for the low production in Asian countries caused by diseases. The European market is divided into two segments, the Northern part which purchases from Southeast Asia, and the Southern part which buys primarily from Latin America. Because Ecuador is heavily dependent on the Chinese market to absorb volumes, any future reduction in buying interest from China, especially for whole shrimp, will result in lower offer prices for Ecuador’s European buyers.

4 Crab and lobster prices have been EUROPEAN LOBSTER - in Europe, origin: Ireland relatively firm due to strong demand and EUR/kg optimum quality. Canadian spring 35.0 lobster production was far less than 30.0 normal, adding to the upward trend in 25.0 lobster prices in the European market. In 20.0 15.0 fact, European lobster prices rose by 13 18.00 10.0 percent between July and August. Together with its American cousin, this species is a well appreciated seafood 400-600/600-800 gr/pc item in high-end restaurants.

BIVALVES

The French bouchot mussel season is in full production with this species being promoted in many retail stores. In French supermarkets, Dutch and Spanish mussels are also available as a lower price option.

SALMON

After a year-long period in which Norwegian farmed salmon prices have hit consistently higher and higher peaks, the trend has finally reversed. From mid-July to early August, the NASDAQ salmon index shows prices for fresh whole Atlantics out of Norway following a steep downward trend, wiping off some six months of gains and falling back to NOK 61.1 per kg by week thirty-one. A price drop towards the end of the summer is typical in the SALMON - in France, origin: Norway (3-6 kg/pc) European salmon market, as harvest EUR/kg volumes ramp up, but after the price 8.0 7.0 extremes reached this year, the fall is 6.0 expected to be steeper and last longer 5.0 6.14 4.0 than normal. Average prices in July were 3.0 still high, however, and Norway exported 2.0 25 percent more salmon in value terms compared with the same month in 2015, at NOK 4.8 billion. The total for the first seven months of 2016 came to NOK 33 billion, 27% more than the same period in 2015. The EU is Norway’s core market, with France and Poland the most important destinations.

5 In the UK, prices fell back in line with their Norwegian counterparts, but remain high. For processors, whose international purchasing power has been drastically reduced in the wake of Brexit and the subsequent weakening of the British pound, raw material costs are creating major difficulties.

The current price dip is expected to continue into October, with NOK Fish Pool forward prices for that month now down to the mid-50s, but seasonal demand will push them up once again as the end of the year approaches. Despite the relative surplus of fish on the market right now as summer growth at farms forces harvesting, biomasses in the pens remain still low and global supply is very tight.

TROUT

Norwegian farmed trout prices are way up this year and in addition, exporters have been able to move much higher volumes than last year. As a result, export revenues doubled in the first half of the year, to NOK 2.3 billion. Strong demand in Belarus, Japan, Poland and the USA is driving this trend and with biomasses low at Norwegian trout farms, it should continue after the expected post-summer drop.

In Italy, production of trout has been TROUT - Ex-farm prices in Italy negatively impacted by low water supply EUR/kg in the rivers, which is even worse during 4.5 the present summer months. As a result 4.0 3.30 production is slow, but this has been 3.5 3.0 3.20 offset by weak demand. Overall, the 2.5 market is stable with prices coming 2.0 1.5 down from the all-time high reached in April earlier this year. Trout: Salmo spp Rainbow Trout: Oncorhynchus mykiss

FRESHWATER FISH

As is normal for this period of the year, the Hungarian carp market is slow as this species is not considered a summer consumption item. As a result, production is limited and practically no sales have been reported.

6 Pangasius - in Spain, origin: Viet Nam

Demand for pangasius, meanwhile, is USD/kg 3.5 relatively strong at the moment, due to 3.3 3.0 2.50 productive sales of this species in budget 2.8 2.5 restaurants all along the coastline of 2.3 2.0 2.45 Spain and Italy. Nevertheless, overall 1.8 imports of pangasius into Europe 1.5 declined during the first half of 2016

when compared with the same period in Fillets - interleaved, 20% glaze, skinless, boneless, belly-off 2015. Fillets - IQF, white, 20%, 1 kg poly bag

SEABASS - SEABREAM - MEAGRE

European bass and gilthead seabream price trends have been uncharacteristically flat this summer, as seasonal demand was offset by relatively higher supply volumes. Average prices are still at reasonably good levels for both species however, hovering around EUR 5 per kg for medium sizes on the Italian market. Greek exports of bream are marginally down in terms of price and volume so far this year, but the opposite is true for bass exports. For Turkey, the other major European producer, Farmed Finfish: Price Trend export volumes of both species are up

as domestic demand has been EUR/kg dampened by a reduced number of 7.5 6.14 6.5 tourists following terrorist attacks in the 5.5 5.10 country. Prices are marginally down for 4.5 4.90 Turkish exporters in euro terms, but a 3.5 steady weakening of the Turkish lira 2.5 has more than offset this decline. The

Spanish farmed bass and bream sector Seabass Seabream meanwhile, has ramped up production, Salmon targeting the French and Italian markets in addition to Portugal, the major destination of Spanish product. The near-term outlook is for a price decline as the summer draws to a close, with Greek companies in particular hoping that underlying demand remains firm enough to keep prices at sustainable levels.

7 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area GROUNDFISH August 2016

Cod/Cabillaud, Morue/ Fresh gutted 1.42 1.59 + Poland FOB Baltic Sea

Bacalao IQF portion, single frozen 100-150 g/pc 7.40 8.26 + Italy CIF Iceland Gadus morhua Fresh - fillet 50-100 g/pc 4.00 4.47 CPT Denmark 100-200 5.00 5.64 = 200-400 7.35 8.29 = Fresh - whole 1-2 kg/pc 5.25 5.86 = 2-4 5.75 6.42 = Fillet - wet salted - first quality 700-1000 g/pc 8.50 9.49 Italy DDP Iceland produced from fresh raw material Portion single frozen, 10% glaze 100-150 g/pc 7.60 8.49 CIF Stockfish 700 g/pc 23.00 25.68 DDP Norway Fillet skinless 300-600 g/pc 7.30 8.15 Spain CIF 400-600 9.30 10.39 600-800 9.75 10.89 900-1300 11.80 13.18 900-1300 12.35 13.79 Netherlands Gadus macrocephalus Fillet - wet salted - first quality 400-700 g/pc 7.70 8.60 Italy CIP Denmark produced from frozen raw material Hake/Merlu/Merluza Minced block 1.58 1.76 = 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 3.24 DDP 4-6 3.45 3.85 6-8 3.55 3.96 8-12 3.95 4.41 IQF portion, trapeze 90-110 g/pc 5.70 6.37 - Italy CIF IQF 100-200 g/pc 6.20 6.92 Europe DDP South Africa Merluccius hubbsi H&G < 150 g/pc na Italy CIF Argentina 150-250 1.58 1.76 350-500 1.84 2.05 Fillet - skinless 80-120 g/pc 3.10 3.46 skin-on 2.98 3.33 Merluccius merluccius Fresh - whole 100-200 g/pc 3.13 3.50 CPT Croatia Fresh - gutted 200-300 5.20 5.81 300-400 6.00 6.70 Merluccius productus Fillet, PBO 2.64 2.95 = Spain EXW USA Minced block 1.77 1.98 = Alaska pollock/Lieu Fillet, PBO 2.73 3.05 Netherlands EXW de l'Alaska/Colín Minced block 1.84 2.05 de Alaska Industrial block single frozen 2.70 3.02 Europe CFR Theragra chalcogramma Industrial block double frozen 2.50 2.79 China Fillet, IQF 2-6 oz 2.48 2.77 + Fillet, baby food quality DDP USA H&G Russian Federation Russian Federation >25 1.07 1.19 wholesale Vladivostok >30 1.06 1.18 >25 1.23 1.37 wholesale Moscow

8 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area GROUNDFISH (cont.) August 2016

Surimi (Alaska pollock) Stick - paprika 250 g/pc 2.55 2.85 + France CFR Spain Hoki H&G 100-300 g/pc 1.63 1.82 Spain FOB Macruronus magellanicus 300-500 1.63 1.82 500-900 1.63 1.82 Saithe/Lieu noir/ Fillet - interleaved 200-400 g/pc no quotation EuropeF CI Faroe Islands Carbonero (Pollock, Coley) Pollachius virens Fillet - skinless, PBI, interleaved 16-32 oz/pc 4.75 5.30 Spain DDP Iceland Monkfish/Baudroie/ Fresh - tail < 0.3 kg/pc 8.04 8.98 = ItalyT CP UK Rape 0.3-0.5 9.56 10.68 = Lophius spp. 0.5-1 10.10 11.28 = 1-2 10.97 12.25 = > 2 12.48 13.94 = Fresh - whole 0.5-1 kg/pc 5.20 5.81 = FCA France 1-2 5.60 6.25 = Tails, skinless 100-250 g/pc 5.75 6.42 Spain DDP Namibia Frozen at land 250-500 6.75 7.54 100% net weight 500-1000 8.00 8.93 > 1000 8.75 9.77 Haddock/Eglefin/Eglofino H&G < 0.8 kg/pc NOK 20.00 2.18 2.43 Sweden FCA Norway Melanogrammus Fresh 1-1.5 kg/pc 5.20 5.81 Spain CIF aeglefinus > 1.5 5.50 6.14 > 2 5.65 6.31 Ling/Lingue franche/ Fillet - wet salted 1-1.5 kg/pc 5.00 5.58 Italy DDP Faroe Islands Maruca Produced from fresh raw material Molva molva first quality John dory/ Frozen skin-on 60-100 g/pc 8.42 9.40 Germany CFR China Sainte pierre PBO, chemical free, 100% net 100-150 0.90 1.00 Pez de san pedro weight, IQF,bulk, frozen weight 150-200 9.41 10.50 Zeus faber +count 200-300 9.86 11.00

Fresh - gutted 600-800 g/pc 11.80 13.18 ItalyT CP Senegal 800-1000 11.80 13.18 1000-2000 11.80 13.18 Sand steenbras/ Fresh 500/700 g/pc 8.83 9.86 = FCA Morocco Marbré/ Herrera 700/1000 10.74 11.99 = Lithognathus mormyrus Mixed 9.00 10.05 = 400-600 9.80 10.94 = France 700-1000 9.60 10.72 200-300 g/pc 7.60 8.49 = Spain 300-500 9.50 10.61 = Mediterranean 200-300 9.20 10.27 300-500 10.00 11.17 = CPT

9 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area FLATFISH August 2016

Turbot/Rodaballo Fresh - whole 0.5-1 kg/pc 10.00 11.17 + Spain CIF Spain Psetta maxima cultured 1-2 15.25 17.03 - 2-3 18.35 20.49 - 3-4 23.20 25.91 + Fresh - whole < 0.5 kg/pc 6.20 6.92 Netherlands wild 0.4-0.6 3.95 4.41 0.5-0.8 15.98 17.85 = 0.5-1 8.35 9.32 0.8-1 13.45 15.02 1-2 9.48 10.59 = 2-3 12.22 13.65 = 3-4 19.45 21.72 4-6 19.85 22.17 Fresh - whole 0.4-0-6 kg/pc 6.50 7.26 ItalyT CP Spain/Portugal 0.8-1 9.20 10.27 = 1-1.5 8.50 9.49 = 1.5-2 9.50 10.61 = 2-2.5 8.50 9.49 = 3-4 11.04 12.33 = 0.5-1 6.94 7.75 0.7-1 7.03 7.85 1-2 1.05 1.17 2-3 16.20 18.09 > 4 14.00 15.63 1-2 kg/pc 12.81 14.31 Netherlands 2-3 15.48 17.29 Sole/Sole/ Fresh - whole < 170 g/pc 9.50 10.61 Spain CIF Lenguado wild 170-220 12.20 13.62 Solea vulgaris 200-300 12.95 14.46 200-250 17.45 19.49 300-400 14.95 16.70 400-500 19.95 22.28 500-600 24.45 27.30 Fresh - whole 200-300 g/pc 15.10 16.86 France wild 300-400 16.80 18.76 No. 3 13.80 15.41 = TItaly CP No. 4 11.77 13.14 = No. 5 9.57 10.69 = Fresh - whole No. 2 18.46 20.61 = Netherlands No. 3 15.33 17.12 = No. 4 9.20 10.27 = Fresh - gutted No. 2 17.27 19.29 = No. 3 14.00 15.63 = No. 4 10.68 11.93 = No. 5 10.53 11.76 = Fresh - whole No. 2 14.91 16.65 CIF No. 3 14.15 15.80 No. 4 9.92 11.08 European plaice/ Fresh - whole 300-400 g/pc 3.60 4.02 - Spain CIF Plie d'Europe/ 400-600 3.75 4.19 - Solla europea > 600 4.45 4.97 - Pleuronectes platessa IQF, white skin-on, 25% glaze No. 2 3.85 4.30 - Netherlands FOB IQF skin-off, 25% glaze 4.10 4.58 - for Italian market

10 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area FLATFISH (cont.) August 2016

European flounder/ Fresh - fillets skin-on Large 3.75 4.19 ItalyT CP Netherlands flet d'europe/ skinless Large 5.75 6.42 Platija europea whole 1.62 1.81 Platichthys flesus 1.53 1.71 = FCA Greenland halibut/ Fillet - skinoff, boneless, No quotations Denmark FOB Greenland Reinhardtius blockfrozen hippoglossoides TUNAS/BILLFISHES August 2016

Tuna/Thon/Atún Skipjack - whole main size 1.25 1.40 = Bangkok CFR Western/Central Thunnus spp. Pacific Ocean Skipjack - whole 1.39 1.55 - Ecuador Eastern Tropical Yellowfin - whole 2.11 2.35 = ex-vessel Pacific Ocean Skipjack - whole main size 1.25 1.40 + Seychelles Indian Ocean Yellowfin - whole 2.10 2.35 - FOB Skipjack - whole 1.18 1.32 - Abidjan Atlantic Ocean Yellowfin - whole > 10 kg 2.30 2.57 - ex-vessel Skipjack - whole 1.8-3.4 kg/pc 1.30 1.45 - Spanish Various origins Yellowfin - whole > 10 kg 2.55 2.85 + canneries CFR Skipjack - cooked & cleaned double cleaned 5.20 5.80 = Italy DDP Solomon Islands loins - vacuum packed Yellowfin - cooked & cleaned double cleaned 5.47 6.10 = Kenya/Mauritius/ loins - vacuum packed Solomon Islands Yellowfin - whole 3-10 kg 1.75 1.95 SpainT DA Atlantic Ocean Bigeye - whole > 10 kg 1.70 1.90 Yellowfin - whole > 10 kg 1.78 1.98 Skipjack - whole > 3.5 kg 1.50 1.68 Yellowfin - frozen loins 4.35 4.86 DDP Eastern Pacific Skipjack - frozen loins 3.50 3.91 CFR Ocean Bigeye - frozen loins 3.80 4.24 Albacore - frozen loins na CFR Indian Ocean Skipjack > 1.8 kg/pc 1.37 1.53 Tunisia CFR Ghana Skipjack - pre-cooked loins 5.11 5.70 Europe CFR Ecuador Yellowfin - pre-cooked loins double cleaned 6.27 7.00 single cleaned 5.83 6.50 Skipjack - whole 1.17 1.30 Skipjack - whole 1.9-3.4 kg/pc 0.90 1.00 Ecuador FOB 3.5-5 0.99 1.10 Yellowfin - pre-cooked loins double cleaned 4.57 5.10 single cleaned 4.48 5.00 Skipjack - pre-cooked loins 3.85 4.30 Swordfish/Espadon/ Frozen at sea, DWT 30-50 kg/pc 6.20 6.92 Spain FOT Spain Pez espada 100% net weight 50-70 6.10 6.81 Francia Fresh - gutted < 12 kg/pc 8.98 10.03 = Italy FCA Whole Mediterranean 13-18 8.98 10.03 = 19-25 8.77 9.79 = 26-35 8.53 9.53 = Whole Atlantic 19-25 8.80 9.83 = FCA 26-35 8.80 9.83 = 36-50 7.65 8.54 = > 50 7.65 8.54 =

11 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area SMALL PELAGICS August 2016

Mackerel/Maquereau/ Fresh - whole 4-6 pc/kg 2.80 3.13 ItalyT CP France Caballa Fresh - Fillets 5.35 5.97 = Scomber scombrus butterfly cut Whole 200-400 g/pc No quotations Netherlands/Poland UK 300-500 FOB Greenland/Faroe H&G > 200 g/pc for Eastern Europe na Islands Whole 3-4 pc/kg 1.05 1.17 Spain FOB Spain Horse Mackerel/ Whole > 24 cm/pc 1.23 1.37 Morocco FOB for Morocco Chincard/Jurel European market Trachurus spp Herring/Hareng/Arenque Fresh - fillet 2.62 2.93 ItalyT CP Denmark Clupeidae Fresh - whole 250-300 g/pc 1.02 1.14 Russian Federation Russian Federation > 350 1.52 1.70 wholesale Moscow > 25 0.86 0.96 Russian Federation > 300 0.98 1.09 wholesale Vladivostok > 250 0.91 1.02 70-100 g/pc 0.34 0.38 + Poland FOB Baltic Sprat/Sprat/Espadín 0.21 0.23 + Sprattus sprattus Sardine/Sardine/Sardina Fresh - whole 0.87 0.97 = Italy CPT Croatia Sardina pilchardus 1.00 1.12 = Italy Fresh - fillet 4.88 5.45 = France 4.88 5.45 UK CEPHALOPODS August 2016

Squid/Encornet/Calamar Whole small (< 18 cm) 6.40 7.15 + ItalyF CI South Africa Loligo spp. medium (18-25) 6.70 7.48 + large (25-30) 6.90 7.71 + extra-large (>30) 6.90 7.71 + Loligo gayi Whole 18-22 cm 4.95 5.53 Spain FCA Falkland Islands 15-18 4.95 5.53 (Malvinas) 12-16 6.95 7.76 = Loligo vulgaris Fresh - whole 100-300 g/pc 11.79 13.17 = Italy FCA Morocco 300-400 11.50 12.84 = 400-600 12.34 13.78 = 600-1000 13.50 15.08 Whole 2 small 5.20 5.81 Mauritania FOB Mauritania 3 small 4.50 5.03 for European market 4 small 4.00 4.47 small 5.70 6.37 medium 6.00 6.70 large 6.10 6.81 Loligo duvacelli Whole cleaned < 5 3.76 4.20 Germany CFR India < 10 3.67 4.10 11-20 2.91 3.25 21-40 2.51 2.80 Loligo chinensis < 3 4.17 4.65 China 3-6 3.41 3.80 6-10 2.96 3.30 10-15 2.60 2.90 15-20 2.24 2.50

12 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area CEPHALOPODS (cont.) August 2016

Dosidicus gigas Raw fillet 2-4 kg/pc 0.89 0.99 Europe CFR Chile 1.52 1.70 Peru Raw tentacle 1-2, 2-3 kg/pc 0.89 0.99 Chile < 1, 1-2 1.43 1.60 Peru > 2 1.48 1.65 Raw wings 0.54 0.60 Chile Whole without cartilage 1.12 1.25 Peru Necks 0.58 0.65 Chile Open with cartilage 1.43 1.60 Peru Darum membraneless 5.38 6.00 Boiled wings - skin-on 2.06 2.30 Squid rings - thawed 4.17 4.66 = ItalyT CP Squid stripes - thawed 1.97 2.20 = Tentacles 2.07 2.31 = Octopus/Poulpe/Pulpo Whole - FAS T1 8.95 9.99 Morocco FOB, Morocco Octopus vulgaris T2 7.95 8.88 for Spanish market T3 7.65 8.54 T4 7.25 8.10 T5 6.95 7.76 Sushi slice 7 g/pc 12.73 14.20 + Europe CFR Indonesia 100% net weight 9 g 12.73 14.20 + Boiled cut 7.93 8.85 + 100% net weight Flower type 1-2 kg/pc 4.21 4.70 + 90% net weight >2 4.62 5.15 = Eledone moschata Fresh 4.23 4.67 = ItalyT CP Croatia 4.36 4.81 = FCA France 4.33 4.78 = Spain extra 10.50 11.58 = CPT Croatia small 6.89 7.60 = medium 4.99 5.50 = 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 3.76 4.20 Germany CFR India Sepia 20% glaze 11-20 3.76 4.20 Sepia spp. Fresh - whole 300-500 g/pc 4.20 4.69 Italy FCA France/UK 500-1000 4.82 5.38 CPT IQF, 10% glaze 100-200 g/pc 5.00 5.58 FOB Morocco 200-300 5.20 5.81 300-400 5.20 5.81 400-600 5.20 5.81 600-800 5.20 5.81

13 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area

CRUSTACEANS August 2016

Whiteleg shrimp/ PD, chemical treatment 31-40 pc/lb 9.46 10.55 + Europe CFR Indonesia Crevette pattes 100% net weight 41-50 9.05 10.10 + blanches/Camarón treated with non-phosphate 51-60 8.60 9.60 + patiblanco 61-70 8.07 9.00 + Penaeus vannamei 71-90 7.93 8.85 + 91-120 7.62 8.50 + Blanched, PD 10-20 pc/g 6.72 7.50 India IQF, 20% glaze 16-20 7.26 8.10 20-40 6.36 7.10 31-40 6.81 7.60 41-50 6.27 7.00 40-60 4.84 5.40 60-80 5.20 5.80 80-120 4.30 4.80 C&P, deveiled, tail-off 41-60 pc/lb 6.36 7.10 Viet Nam IQF, 20% glaze 61-80 6.09 6.80 Head-on, shell-on 20-30 pc/kg 8.96 10.00 - Central 30-40 7.17 8.00 - America 40-50 6.18 6.90 - 50-60 5.69 6.35 - 60-70 5.29 5.90 - 70-80 4.75 5.30 - 80-100 4.62 5.15 - 100-120 4.30 4.80 - 120-140 3.76 4.20 Tails 21-25 pc/lb 10.67 11.90 26-30 8.79 9.81 31-35 7.61 8.49 36-40 7.21 8.05 41-50 6.92 7.72 51-60 6.52 7.28 61-70 6.12 6.83 71-90 5.63 6.28 91-110 4.54 5.07 Head-on, shell-on 30-40 pc/kg 7.26 8.10 + South/Central 40-50 6.23 6.95 + America FOB 50-60 5.92 6.60 - for European main 60-70 5.33 5.95 - ports 70-80 5.02 5.60 - 80-100 4.66 5.20 - > 100 4.39 4.90

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

CRUSTACEANS (cont.) August 2016

Green tiger prawn/ Headless, shell-on, block 41-50 pc/kg 6.81 7.60 Europe CFR Belgium Crevette tigrée verte/ 100% net weight, net count 51-60 6.18 6.90 Langostino tigre verde 61-50 5.83 6.50 Penaeus semisulcatus 71-90 5.47 6.10 91-120 5.11 5.70 100-200 4.66 5.20 200-300 4.39 4.90 300-500 4.03 4.50 Headless, shell-on, block 71-90 pc/kg 6.36 7.10 100% net weight, net count 91-120 6.09 6.80 PUD, RAW 100-200 5.83 6.50 200-300 5.38 6.00 300-500 4.75 5.30 broken 3.67 4.10 PUD, RAW, IQF, 78% weight & 61-70 4.93 5.50 22% glaze 71-90 4.57 5.10 100% net weight, frozen count 91-120 4.44 4.95 100-200 4.12 4.60 200-300 3.76 4.20 PUD, Cooked, IQF, 78% weight & 61-70 5.56 6.20 22% glaze 71-90 5.38 6.00 100% net weight, frozen count 91-120 5.20 5.80 100-200 5.02 5.60 200-300 4.44 4.95 Metapenaeus shrimps/ Untreated, net weight, net count 100-200 pc/kg 6.00 6.70 India Crevettes metapenaeus/ 200-300 5.15 5.75 Camarones 300-500 4.44 4.95 metapenaeus Metapenaeus spp Argentine red shrimp/ Head-on, shell-on 10-20 pc/kg 7.80 8.71 SpainXW E Argentina Salicoque rouge/ 20-30 7.20 8.04 d'Argentine/Camarón 30-40 6.70 7.48 langostín argentino 40-60 6.50 7.26 Pleoticus muelleri Black tiger/Crevette Headless 8-12 pc/lb 12.10 13.50 Europe/ Bangladesh tigrée/Camarón tigre 20% glaze, IQF 13-15 11.65 13.00 Russian Federation Penaeus monodon 16-20 6.63 7.40 21-25 5.83 6.50 26-30 5.65 6.30 Headless, shell-on, block 13-15 pc/kg 11.65 13.00 Europe CFR Belgium frozen 16-20 11.65 9.50 21-25 8.51 8.20 26-30 7.35 7.50 31-40 6.72 7.10 HOSO, net weight, net count 10-20 pc/kg 14.34 16.00 Europe CFR India block frozen 20-30 9.86 11.00 Deep-water rose shrimp/ Fresh - peeled tail Mixed 10.00 11.37 = TItaly CP Italy Crevette rose du large/ Gamba de altura/ Parapenaeus longirostris

15 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area CRUSTACEANS (cont.) August 2016

Common shrimp/ Fresh, shell-on 31.75 35.46 Spain CIF Netherlands Crevette grise/Quisquilla Crangon crangon Head-on, shell-on 11.70 13.07 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 23.04 24.51 + 16-20 19.32 21.58 + 20-30 15.54 17.35 + 31-40 11.82 13.20 41-50 8.52 9.51 - Tails 40-60 13.35 14.91 Whole 00 pc/kg 13.78 15.39 Spain CIF Scotland € - 12.38 13.83 € 1.00 10.98 12.26 € 2.00 9.68 10.81 € 3.00 8.48 9.47 € 4.00 7.28 8.13 € 5.00 5.15 5.75 Fresh - whole 5-9 pc/kg 21.00 23.45 Netherlands 11-15 18.90 21.11 16-20 15.45 17.25 20-30 13.00 14.52 31-40 10.70 11.95 41-50 8.55 9.55 Fresh - whole, head 8-10 pc/kg 16.70 18.65 ItalyT CP Denmark/ 11-15 16.47 18.39 = UK 16-20 12.90 14.41 = 21-30 9.99 11.16 = FCA 41-50 5.29 5.91 = European lobster/ Live - bulk 400-600 g/pc 18.00 20.10 + France delivered Ireland Homard européen/ 600-800 18.00 20.10 + to French vivier Bogavante Fresh - whole large 17.15 19.15 = TItaly CP UK Homarus gammarus small 16.91 18.88 = American lobster/ Live hard shell 15.49 17.30 = Canada Homard américain/ Live hard shell 13.52 15.10 = USA Bogavante americano Live soft shell 11.71 13.08 = Homarus americanus Popsicle < 450 g/pc CAN 25.00 20.08 17.96 Canada FOB Canada (canner size) for European market > 450 CAN 26.00 20.08 17.96 (market size) Whole cooked netted lobster canners CAN 24.00 18.53 16.58 market CAN 25.00 19.30 17.27 Edible crab/Tourteau/ Live T2 2.50 2.79 + France auction France Buey de mar 13-16 cm Cancer pagurus Spinous spider crab/ Fresh - female 5.30 5.92 Italy CPT UK Araignée européenne/ male 4.50 5.03 Centolla europea/ Fresh - female 3.90 4.36 = France Maja squinado male 3.33 3.72 = Fresh-female small 2.80 3.13 = male small 2.43 2.71 =

16 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area

BIVALVES August 2016

Oyster/Huître/Ostra Live No. 3 4.00 4.47 = France prod. Price/ Ireland/France Crassostrea gigas average export price 60-100 g/pc 16.56 18.49 = FSpain CI Netherlands Italy Ostrea edulis 95-110 g/pc 19.19 21.43 = Netherlands >130 13.85 15.47 = Mussel/Moule/Mejillón Live - bottom mussel 2.10 2.35 = France wholesale France Mytilus edulis 1.80 2.01 = Netherlands Mytilus galloprovincialis Live - rope 60-80 pc/kg 2.00 2.23 = Spain Fresh 20-25 pc/kg no quotation Spanish market 25-30 EXW 30-40 40-70 1.28 1.43 = Italy CFA 1.28 1.43 = Italy Fresh - whole 1.29 1.44 = Italy FCA 1.25 1.40 = CPT 1.24 1.38 = FCA Spain 1.87 2.09 = CPT shell-on 2.11 2.36 = FCA 2.15 2.40 = CPT Mytilus chilensis IQF - shell-off, 7% glaze 200-300 pc/kg 3.40 3.80 - CIF Chile Cooked mussel meat IQF 100-200 pc/kg 3.00 3.35 FranceF CI 200-300 2.73 3.05 300-500 2.42 2.70 Cooked mussel whole shell, IQF 80-100 pc/kg 1.97 2.20 Razor shell/Couteau/ Fresh small 7.80 8.71 SpainF CI Ireland Navajas - Solenidae medium 8.70 9.72 large 9.40 10.50 Live 10-12 cm/pc 3.50 3.91 Netherlands SALMON August 2016

Atlantic salmon/ Fresh - gutted, head-on 2-3 kg/pc 5.50 6.14 France CIF Scotland Saumon de l'Atlantique/ superior quality 3-4 7.40 8.26 Salmón del Atlántico 4-5 7.30 8.15 Salmo salar 5-6 7.30 8.15 > 6 7.40 8.26 Fresh - gutted, head-on 2-3 kg/pc 4.80 5.36 Norway superior quality 3-4 6.30 7.04 4-5 6.54 7.30 5-6 6.54 7.30 > 6 6.50 7.26 1-2 kg/pc NOK 37.54 4.10 4.56 Norway FOB 2-3 NOK 44.56 4.86 5.41 3-4 NOK 49.72 5.43 6.04 4-5 NOK 50.77 5.54 6.17 5-6 NOK 51.36 5.60 6.24 6-7 NOK 51.54 5.62 6.26 7-8 NOK 52.04 5.68 6.32 8-9 NOK 52.50 5.73 6.38 > 9 NOK 51.21 5.59 6.22

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

SALMON (cont.) August 2016

Atlantic salmon/ Fresh 3-4 kg/pc 6.90 7.71 Spain CFR Norway Saumon de l'Atlantique/ gutted, head-on 4-5 kg/pc 4.80 5.36 Tunisia CFR Salmón del Atlántico 5-6 4.80 5.36 Salmo salar Fresh - salmon cubes 8x8x8 9.73 10.87 Europe CFR IQF - salmon slices 9.73 10.87 Fresh - whole - superior 2-3 kg/pc 3.52 3.93 Italy FCA 3-4 4.44 4.96 4-5 4.62 5.16 5-6 4.69 5.24 6-7 4.77 5.33 7-8 5.05 5.64 8-9 na 9-10 na 3-4 5.32 5.94 CIF 4-5 5.45 6.09 5-6 5.35 5.97 IQF portion 100-150 g/pc 10.00 11.17 - Denmark Head-on, gutted, grade 1 6-7 kg/pc 5.08 5.67 Denmark DDP Chile Fillet, interleaved 1-2 lb/pc 4.87 5.44 2-4 4.17 4.66 Fillet, VAC 1-2 lb/pc 6.10 6.81 3-4 6.15 6.87 Fillet, IQF 2-3 lb/pc 6.15 6.87 4-5 6.88 7.68 Bits and pieces 6.81 7.60 EuropeF CI Scrap 4.93 5.50 TROUT August 2016

Trout/Truite/Trucha Whole, gutted, fresh on ice 0.25-0.4 kg/pc HUF 1535 4.95 5.53 Hungary ex-farm Hungary Salmo trutta Fillet - farmed 200-400 g/pc 8.20 9.16 = Italy ex-farm Italy Live - farmed 500-700 g/pc 3.30 3.69 = Rainbow trout/ Live - farmed 250-400 g/pc 3.20 3.57 = Truite arc-en-ciel/ Gutted 250-400 g/pc 4.20 4.69 = Trucha arco iris Oncorhynchus mykiss FRESHWATER FISH August 2016

Carp/Carpe/Carpa Live 1.2-5 kg/pc HUF 771 2.49 2.78 Hungary Hungary Cyprinus spp. Fresh, whole, gutted, head-off 0.7-4.5 kg/pc HUF 1121 3.62 4.04 ex-farm Fresh on ice - slices HUF 1332 4.30 4.80 Fresh on ice - fillets HUF 1514 4.88 5.45 Crucian Carp/Carassin Live 0.45-0.9 kg/pc HUF 392 1.26 1.41 Carpín Carassius carassius Grass Carp/Carpe Live 0.8-3 kg/pc HUF 701 2.26 2.53 chinoise/Carpa China Fresh, whole, gutted, head-off HUF 1093 3.53 3.94 Ctenopharyngodon idellus Bighead carp/Carpe à Fresh gutted, head-off 0.7-5.0 kg/pc HUF 694 2.24 2.50 grosse tête/Carpa Fresh on ice - slices HUF 806 2.60 2.90 capezona Fresh on ice - fillets HUF 919 2.96 3.31 Aristichthys nobilis Live 1-5.5 kg/pc HUF 385 1.24 1.39 -

18 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area FRESHWATER FISH (cont.) August 2016

Nile perch/Perche du Fillet - skinless 300-500 g/pc 4.93 5.50 EU CFR Uganda Nil/Perca del Nilo Interleaved, 100% net weight 500-1000 4.62 5.15 Lates niloticus Fresh whole 200-400 g/pc 2.57 2.87 Italy FCA Yellow 200-400 g/pc 3.90 4.36 Red 200-400 g/pc 3.76 4.20 Tanzania Green 200-400 g/pc 3.75 4.19 Fresh fillet 200-400 g/pc 4.77 5.33 400-700 3.76 4.20 Fillet - skinless, PBI, IWP 500-1000 g/pc 4.62 5.15 Spain CFR Nile Tilapia/Tilapia du Fillet - skinless, IQF, PBO 5-7 oz/pc 3.85 4.00 China Nil/Tilapia del Nilo non-treated, 10% glaze Oreochromis niloticus North African catfish/ Fresh - fillets skinless HUF 1472 4.75 5.30 Hungary Hungary Poisson chat nord- Fresh - fillets skin-on HUF 1675 5.40 6.04 ex-farm africaine/pez gato Fresh, whole, gutted, head-off HUF 1191 3.84 4.29 Clarias gariepinus European catfish/ Live 0.8-4 kg/pc HUF 1682 5.43 6.06 Silure glane/Siluro Fresh on ice - slices HUF 1121 3.62 4.04 Silurus glanis Fresh on ice - fillets HUF 1606 5.18 5.79 Pangasius spp. Fillet refreshed 3.55 3.96 ItalyF CI Viet Nam Fillet, IQF, white - 20% glaze 120-170 g/pc 1.79 2.00 - CPT Fillet, IQF, white - 20% glaze 170-220 1.79 2.00 - Fillet, IQF, white - 5% glaze 3.26 2.00 Fillet, IQF, white - 20% glaze 120-170-220 1.81 2.02 Spain CFR Fillet, 100% net weight, IQF g/pc 2.24 2.50 Fillet, 100% net weight, interleaved 2.20 2.45 NON-TRADITIONAL SPECIES August 2016

Sturgeon/Esturgeon/ Frozen - whole 1.5-2 kg/pc 5.00 5.58 = France CIF France Esturione Gutted 5-7 kg/pc 6.50 7.26 = Acipenseridae Fillets 200-300 g/pc 10.50 11.73 = 800-1000 10.50 11.73 = A.baeri Caviar (Aquitaine) metal boxes 1.30 1.45 = Ribbonfish 300-1500 g/pc 2.50 2.79 Europe CFR Senegal Trichiurus lepturus SEABASS/SEABREAM/MEAGRE August 2016

Seabass/Bar, Fresh - whole 200-300 g/pc 4.20 4.69 Greece FOB Greece Loup/Lubina farmed 300-450 4.70 5.25 Dicentrarchus labrax 450-600 5.30 5.92 600-800 6.50 7.26 800-1000 7.80 8.71 > 1000 9.00 10.05 200-300 g/pc 4.40 4.91 ItalyF CI 300-450 4.90 5.47 450-600 5.50 6.14 600-800 6.70 7.48 800-1000 8.00 8.93 > 1000 9.20 10.27

19 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area SEABASS/SEABREAM/MEAGRE (cont.) August 2016

Seabass/Bar, Fresh - whole 200-300 g/pc 4.45 4.97 FranceF CI Greece Loup/Lubina farmed 300-450 4.95 5.53 Dicentrarchus labrax 450-600 5.55 6.20 600-800 6.75 7.54 800-1000 8.05 8.99 > 1000 9.25 10.33 200-300 g/pc 4.44 4.96 SpainF CI 300-450 4.94 5.52 450-600 5.54 6.19 600-800 6.74 7.53 800-1000 8.04 8.98 > 1000 9.24 10.32 200-300 g/pc 4.47 4.99 Germany CIF 300-450 4.97 5.55 450-600 5.57 6.22 600-800 6.77 7.56 800-1000 8.07 9.01 > 1000 9.27 10.35 200-300 g/pc 4.45 4.97 Portugal CIF 300-450 4.95 5.53 450-600 5.55 6.20 600-800 6.75 7.54 800-1000 8.05 8.99 > 1000 9.25 10.33 200-300 g/pc 4.63 5.17 UK CIF 300-450 5.13 5.73 450-600 5.73 6.40 600-800 6.93 7.74 800-1000 8.23 9.19 > 1000 9.43 10.53 200-300 g/pc 4.53 5.06 - ItalyF CI 300-450 5.20 5.81 - 450-600 5.66 6.32 + 600-800 7.09 7.92 + 800-1000 8.09 9.03 + 1000-1500 10.06 11.23 + > 1500 11.86 13.24 + > 2000 15.37 17.16 - 200-300 g/pc 4.40 4.91 Spain CIF Canary Islands 300-400 4.70 5.25 (Spain) 400-600 5.70 6.37 600-800 7.91 8.83 800-1000 10.21 11.40 1000-2000 g/pc 10.80 12.06 France 2000-3000 11.80 13.18 3000-4000 14.30 15.97 Fresh - whole - wild 1000-2000 g/pc na Italy FCA Morocco Atlantic > 2000 na > 3000 na

20 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area SEABASS/SEABREAM/MEAGRE (cont.) August 2016

Seabass/Bar, Fresh - whole - wild 400-600 g/pc na Italy CPT Egypt Loup/Lubina Mediterranean 600-800 12.59 14.06 = Dicentrarchus labrax 800-1000 12.57 14.04 = 1000-2000 12.82 14.32 = > 2000 12.65 14.13 = > 3000 33.00 36.85 Italy Farmed - Orbetello large 10.70 11.95 = FCA medium 9.70 10.83 = small 7.59 8.48 Gilthead seabream/ Fresh - whole 200-300 g/pc 4.80 5.36 Greece FOB Greece Dorade royale/Dorada farmed 300-450 4.90 5.47 Sparus aurata 450-600 4.90 5.47 600-800 5.90 6.59 800-1000 9.50 10.61 > 1000 10.50 11.73 200-300 g/pc 5.00 5.58 Italy CIF 300-400 5.15 5.75 300-450 5.10 5.70 450-600 5.10 5.70 600-800 6.10 6.81 800-1000 9.70 10.83 > 1000 10.70 11.95 200-300 g/pc 5.05 5.64 France CIF 300-450 5.15 5.75 450-600 5.15 5.75 600-800 6.15 6.87 800-1000 9.75 10.89 > 1000 10.75 12.00 200-300 g/pc 5.04 5.63 Spain CIF 300-450 5.14 5.74 450-600 5.14 5.74 600-800 6.14 6.86 800-1000 9.74 10.88 > 1000 10.74 11.99 200-300 g/pc 5.07 5.66 Germany CIF 300-450 5.17 5.77 450-600 5.17 5.77 600-800 6.17 6.89 800-1000 9.77 10.91 > 1000 10.77 12.03 200-300 g/pc 5.05 5.64 Portugal CIF 300-450 5.15 5.75 450-600 5.15 5.75 600-800 6.15 6.87 800-1000 9.75 10.89 > 1000 10.75 12.00

21 Fish Species Product form Grading Price per kg Reference Origin Trade Name As stated EUR USD & area SEABASS/SEABREAM/MEAGRE (cont.) August 2016

Gilthead seabream/ Fresh - whole 200-300 g/pc 5.23 5.84 UK CIF Greece Dorade royale/Dorada farmed 300-450 5.33 5.95 Sparus aurata 450-600 5.33 5.95 600-800 6.33 7.07 800-1000 9.93 11.09 > 1000 10.93 12.21 600-800 g/pc 14.98 16.73 = Italy FCA Morocco 800-1000 17.31 19.33 = 1000-2000 19.53 21.81 = > 2000 17.06 19.05 = farmed 300-400 g/pc 4.90 5.47 - CIF Greece wild 400-600 g/pc 11.00 12.28 = CPT Egypt 600-800 11.94 13.33 = 800-1000 11.96 13.36 = 1000-2000 12.00 13.40 = farmed Orbetello large 10.70 11.95 = FCA Italy medium 9.70 10.83 = small 7.60 8.49 = Meagre/Maigre Fresh - whole 500-1000 g/pc 5.00 5.58 Greece commun/Corvina farmed 1000-2000 4.81 5.37 Argyrosomus regius > 2000 4.82 5.38 > 3000 4.80 5.36 > 2000 g/pc 6.93 7.74 - CIF wild 600-800 g/pc 8.50 9.49 CPT Egypt 800-1000 9.40 10.50 = 1000-2000 9.40 10.50 = 2000-4000 9.40 10.50 =

22 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 1.30 1.45 Hungary HUF 277.55 310.02 Norway NOK 8.23 9.16 USA USD 1.12 EU EUR 0.90 Denmark DKK 6.66 7.44

Exchange Rates: 15.08.2016 8 GLOBEFISH to meet the Chinese seafood industry at SIFSE

All GLOBEFISH For the first time,GLOBEFISH partners, will attend the Shanghai International Fisheries and associate members and Seafood Expo (SIFSE). correspondents will receive The expo, now in its 11th year, will be held from 25 to 27 August in 20% off of Shanghai, China. the registration fee SIFSE is an international meeting point for professionals involved in the fish trade sector and serves as a Please contact us in global platform to network and share advance at information on seafood trade. [email protected] 80 percent of attendees were from the domestic audience, making this event an excellent opportunity to meet with Chinese seafood stakeholders and establish more direct contact with this significant part of the sector.

China is a key country in the fish trade sector

According to FAO’s SOFIA report, China has been responsible for most of the growth in fish availability, owing to the dramatic expansion in its fish production, particularly in aquaculture. China is also the largest exporter of fish and fishery products. Since 2011, it has become the world’s third-largest importing country, after the United States of [email protected] America and Japan. www.sifse.com/en 86-21-3782-9778

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) 80649295/80649169 E-mail: [email protected] Fax: (86-10) 59199614 Fax: (603) 80603697 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

GLOBEFISH Market Reports are available from the GLOBEFISH website: www.fao.org/in-action/globefish

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Food and Agriculture Organization of the United Nations Fisheries and Aquaculture Policy and Economics Division Products, Trade and Marketing Branch Viale delle Terme di Caracalla 00153 Rome, Italy Tel +39 06 5705 2884 Fax +39 06 5705 3020 www.fao.org/in-action/globefish