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Wednesday, 02 December 2009

2010 guide prices for fisheries products: decrease for most products

The European Commission has adopted its annual proposal on next year’s guide prices for fresh and frozen fisheries products as well as the EU producer price for tuna for processing. The Commission proposes to decrease guide prices for white fish and crustacean species, by between –1% and –6%. The current economic crisis is strongly affecting consumer demand for fisheries products in the EU. The decrease in demand has resulted in dramatic drops in first-sale prices in the first half of 2009, in particular for whitefish and crustacean species. On the other hand, the recent price evolution for pelagic species and frozen products has been less negative. For pelagic species there are increases for sardines and albacore (between 1% and 3%) but decreases for herring, mackerel, Spanish mackerel and anchovies (between –1% and –4%). For frozen products, the Commission proposes upward adjustments of between 1% and 2% for hake and prawns and decreases of between –1% and –4% for Greenland halibut, sea bream, cuttlefish, octopus and squids. Finally, the Commission proposes to decrease the EU producer price for yellowfin tuna by -4% in the light of the recent deterioration of the market for this product.

Source: European Commission