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Squid/Octopus

 
Report Date: Wednesday, November 01, 2017
 
 
 

This report focuses on catch volumes of different species of cephalopods in the EU and Argentina. We also inform on fishing bans, prices, inventories, markets, imports and exports of the species in the index.

INDEX

 
1. EUROPE

1.1 European Union - squid, cuttlefish, shortfin squid and octopus

 
2. SOUTH AMERICA
2.1 Argentina - squid
 

 

 

 

 

 

 

1. EUROPE

1.1 European Union

Squid, shortfin squid, cuttlefish and octopus

Spain

Supplies of cephalopods rose by 146 tonnes on Mercabarna in September, compared with the previous month. Supplies of fresh species increased by 36 tonnes. Only those of national squid registered a drop. The most important increases were those in Indian squid, crushed clean giant squid and squid rings. Supplies of fresh squid increased by 110 tonnes. The only drop was reported by cooked octopus. The most important volumes of frozen species were those of fresh squid, fresh giant squid and peeled giant squid.

On the wholesale market of Mercamadrid, incoming volumes of frozen products rose by 110 tonnes in September. The most important rises were those in frozen national squid and frozen Galician octopus. The most important drops were those in fresh baby squid and frozen shortfin squid.

Table 1: Supplies of cephalopods in Mercamadrid

Item

Volume (kg)

Variation (%)

September

August

Frozen

Boston squid

40,655

34,546

18

California squid

87,122

74,031

18

Indian squid

87,122

74,031

18

National squid

232,321

197,417

18

Patagonian squid

133,588

113,512

18

Squids fried in butter

24,913

33,324

-25

Small squid

4,726

11,284

-58

Clean cuttlefish

21,082

26,392

-20

Dirty cuttlefish

5,270

6,598

-20

Galician octopus

63,554

20,700

207

Thai octopus

27,238

8,873

207

Shortfin squid

31,356

46,800

-33

Fresh

Shortfin squid rings

1,198

1,651

-27

Squid

191,187

177,630

8

Small squid

61,983

81,034

-24

Giant squid

2,788

3,111

-10

Cooked octopus

21,519

18,623

16

Large octopus

7,173

6,208

16

Medium-sized octopus

7,173

6,208

16

General total

1,051,968

941,973

12

 Source: Mercamadrid

France

Volumes landed at French ports during September declined in the case of squid and cuttlefish. The main ports were Port en Bessin with 200 tonnes, Boulogne/Mer with 152 tonnes, La Turballe with 95 tonnes and Erquy with 90 tonnes.

Table 2: Volumes landed at French national markets

Species

Volumes in 2017 (t)

Cumulative volume Jan/September (t)

September

August

% of variation

Year 2017

Year 2016

% of variation

Squid

86

216

-60

1,275

550

132

Cuttlefish

601

674

-11

3,166

1,246

154

 Source: FranceAgriMer

Italy

At Italian ports, during September, volumes of squid, horned octopus and common octopus increased. That of cuttlefish declined. The main ports were Aci Trezza with 11 tonnes, Ancona with 10 tonnes and Civitanova Marche with 5 tonnes.

Table 3: Volumes landed at Italian ports

Species

Volumes in 2017 (t)

Cumulative volume Jan/Sep (t)

September

August

% of variation

Year 2017

Year 2016

% of variation

Squid

8

4

81

53

64

-17

Shortfin squid

15

4

308

263

176

50

Octopus

8

5

70

59

57

3

Horned octopus

8

7

11

224

163

37

Cuttlefish

4

13

-70

268

291

-8

 Source: ISMEA (Istituto di Servizi per il mercato agricolo e alimentare)

Denmark

Volumes of squid supplies on Danish markets rose by 17 tonnes in September, compared with the previous month.

Table 4: Volumes landed on Danish markets

Species

Volumes in 2017 (t)

September

August

% of variation

Squid

35

18

94.75

 Source: Fiskeauktion.dk

Prices

Spain

On Mercabarna, in September, the most important declines were registered in fresh octopus, fresh squid, frozen Indian squid, fresh baby squid and frozen Patagonian squid, all of them due to bulkier supplies. The most significant increases were registered in frozen Thai octopus, frozen dirty giant squid, frozen Galician octopus, frozen shortfin squid and frozen crushed clean giant squid, all due to a higher demand. That of frozen cooked octopus increased due to the decline in supplies.

On Mercamadrid, prices of cephalopods remained stable in all species, except for that of fresh squid that dropped by EUR 0.49/kg.

Table 5: Prices on the wholesale market of Mercamadrid,
August-September 2017

Item

Average price (EUR/kg)

Variation (%)

September

August

Frozen

Boston squid

4.51

4.51

0

Californian squid

3.01

3.01

0

Indian squid

4.51

4.51

0

National squid

6.80

6.80

0

Patagonian squid

3.50

3.50

0

Squids fried in butter

3.01

3.01

0

Small squid

5.71

5.71

0

Clean cuttlefish

5.11

5.11

0

Dirty cuttlefish

4.06

4.06

0

Galician octopus

8.41

8.41

0

Thai octopus

5.41

5.41

0

Shortfin squid

2.70

2.70

0

Fresh

Shortfin squid rings

3.01

3.01

0

Squid

14.26

14.75

-3

Small squid

8.50

8.50

0

Giant squid

5.11

5.11

0

Cooked octopus

22.50

22.50

0

Large octopus

12.02

12.02

0

Medium-sized octopus

8.50

8.50

0

 Source: Mercamadrid

France

During September, prices of squid at first sales increased due to the drop in supplies on French markets. Those of cuttlefish declined due to the lower demand.

Table 6: Average prices at French ports,
August-September 2017, in EUR/kg

Species

September

August

% of variation

Squid

11.00

8.07

36

Cuttlefish

4.69

5.18

-9

 Source: FranceAgriMer

Italy

On Italian first sale markets, in September, prices increased in the main cephalopod species, except for octopus that reported a drop. The highest rise was reported by giant squid.

Table 7: Average prices at Italian first-sale ports,
August-September 2017, in EUR/kg

Product

September

August

% of variation

Lowest price

Highest price

Lowest price

Highest price

Lowest price

Highest price

Squid

10.67

12.67

6.91

8.48

54

49

Bobtail

6.34

7.21

3.91

4.83

62

49

Giant squid

12.98

14.49

5.78

6.34

125

129

Shortfin squid

3.94

4.99

3.38

5.10

17

-2

Octopus

2.09

3.68

2.79

4.58

-25

-20

Horned octopus

2.85

4.22

2.31

4.32

23

-2

Cuttlefish

7.26

8.89

5.02

5.78

45

54

 Source: ISMEA (Istituto di Servizi per il mercato agricolo e alimentare)

Denmark

The average price of squid increased by EUR 11.66/kg on Danish markets, due to the higher demand.

Table 8: Average prices on Danish markets in EUR/kg

Species

September (EUR/kg)

August (EUR/kg)

% of variation

Squid

76.50

64.85

17.97

 Source: Fiskeauktion.dk

Markets

Table 9: Imports of frozen cephalopod species in the EU,
January-July 2017/2016

Product

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

Sepiola rondeleti

208

ungraded

7.80

ungraded

Other bobtail (except Sepiola rondeleti)

605

ungraded

7.45

ungraded

Cuttlefish (Sepia officinalis, Rossia macrosoma)

22,649

ungraded

5.22

ungraded

Loligo vulgaris

14,387

ungraded

5.95

ungraded

Loligo pealei

902

ungraded

5.04

ungraded

Loligo gahi

33,780

ungraded

5.47

ungraded

Other Loligos

65,557

ungraded

5.28

ungraded

Ommastrephes spp., except Ommastrephes sagittatus, Nototodarus spp., Sepioteuthis spp.

10,483

ungraded

4.57

ungraded

Illex spp.

37,785

ungraded

3.79

ungraded

European shortfin squid (Todarodes sagittatus) (Ommastrephes sagittatus)

347

ungraded

3.29

ungraded

Other shortfin squid

118,715

ungraded

4.32

ungraded

Sepiola rondeleti

129

411

5.19

5.60

Other bobtail (except Sepiola rondeleti)

301

1,253

4.36

4.82

Cuttlefish (Sepia officinalis, Rossia macrosoma)

12,192

30,939

4.10

4.25

Loligo vulgaris

6,798

18,113

5.27

5.54

Loligo pealei

2,374

4,364

4.62

6.00

Loligo gahi

3,999

21,884

4.68

6.00

Other Loligos

28,522

76,440

4.74

4.85

Other squids

6,485

18,954

3.04

3.25

 Source: Eurostat (Preliminary information)

Table 10: Exports of frozen cephalopod species in the EU,
January-July 2017/2016

Product

Volume (mt)

Average price (EUR/kg)

2017

2016

2017

2016

Sepiola rondeleti

142

ungraded

6.11

ungraded

Other bobtail (except Sepiola rondeleti)

1,534

ungraded

6.23

ungraded

Cuttlefish (Sepia officinalis, Rossia macrosoma)

3,307

ungraded

6.74

ungraded

Loligo vulgaris

2,867

ungraded

6.72

ungraded

Loligo pealei

117

ungraded

4.46

ungraded

Loligo gahi

17,477

ungraded

4.55

ungraded

Other Loligos

10,209

ungraded

4.85

ungraded

Ommastrephes spp., except Ommastrephes sagittatus, Nototodarus spp., Sepioteuthis spp.

3,241

ungraded

5.33

ungraded

Illex spp.

8,213

ungraded

4.18

ungraded

European shortfin squid (Todarodes sagittatus) (Ommastrephes sagittatus)

594

ungraded

3.27

ungraded

Other shortfin squid

13,175

ungraded

4.40

ungraded

Sepiola rondeleti

85

209

4.45

5.23

Other bobtail (except Sepiola rondeleti)

780

2,012

4.43

5.39

Cuttlefish (Sepia officinalis, Rossia macrosoma)

2,456

6,605

5.11

5.30

Loligo vulgaris

1,830

4,519

4.70

5.13

Loligo pealei

155

232

5.22

6.16

Loligo gahi

1,525

8,593

5.24

5.50

Other Loligos

3,425

11,910

4.14

4.27

Other squids

2,513

6,999

4.24

4.51

 Source: Eurostat (Preliminary information)

Back to index

2. SOUTH AMERICA

2.1 Argentina

Landed volumes

At Argentine ports, in September, volumes of Illex and Loligo squid were not significant; they registered an important drop from those of August. However, volumes Landed this year have been almost twice those registered during the same period in 2016.

Table 11: Volumes of Illex squid landed in Argentina, in tonnes

Species

Volumes in 2017 (t)

Cumulative volume Jan/September (t)

September

August

% of variation

Year 2017

Year 2016

% of variation

Illex squid

5

133

-96

96,698

57,564

68

Loligo squid

0

3

-99

30

13

123

Source: Made by FIS based on information from the DNCP

Markets

Exports of Illex squid reached 2,981 tonnes in August, against 2,710 tonnes registered in July. They are up 15.7% on those of the same period last year.

Table 12: Argertine exports of Illex shortfin squid

HS

Item

August 2017

Percentage variation compared with the same period 2016

t

Thousands of USD

Average price in USD/t

T (%)

Thousands of USD

Average price (%)

0307.99.00.110T

Whole Illex squid

168

405

2,415

74.0%

112.5%

22.1%

0307.99.00.120W

Skinless Illex squid rings

1

7

5,000

-73.7%

-69.1%

17.7%

0307.99.00.130Z

Exports of Illex squid,

-

-

-

66.9%

75.5%

5.2%

0307.99.00.140C

Beaks, roes, gonads and pieces of Illex squid

17

19

1,100

-59.6%

-48.2%

28.5%

0307.99.00.150F

Illex squid tentacles with no beaks or eyes

41

151

3,664

-17.5%

-10.0%

9.1%

0307.99.00.161L

Clean tubes of Illex squid.

1

5

4,605

-40.1%

-4.7%

59.0%

0307.99.00.190U

Other Illex squid

28

76

2,700

124.7%

212.1%

38.9%

 

Total Illex squid

256

662

2,981

67.3%

93.6%

15.7%

Source: Fishery Economy Directorate, based on information from the INDEC

Back to index

By Juan Murias

www.fis.com


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