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Squid/Octopus

 
Report Date: Wednesday, January 13, 2010
 

This report focuses on catches of different species of cephalopods in Morocco, Mauritania, Japan, Thailand, Spain, Chile and Mexico. We also inform on fishing bans, prices, inventories, markets, imports and exports of the species in the index.

INDEX

 
1. WESTERN AFRICA

1.1 Morocco - Octopus

1.2 Mauritania - Octopus
 
2. ASIA
2.1 Japan – Japanese flying squid, octopus
2.2 Thailand – Octopus and others
 
3. EUROPE
3.1 Spain - Squid, cuttlefish, shortfin squid and octopus
 
4. LATIN AMERICA
4.1 Chile – Octopus
4.2 Mexico – Octopus
 

 

1. WESTERN AFRICA

1.1 Morocco

Octopus (Octopus vulgaris)

In Morocco, the ban was lifte don 5 December and the freezing vessels were catching about 1.5 tonnes per day and vessel.

After this rather good beginning, as every year, the volume declined but the situation was stable.

However, due to bad weather conditions, at the end of December, catch volumes fell abruptly. Therefore, since the lifting of the ban till the end of December (about 25 days), in the north the daily average volume was 0.5/0.7 tonnes and in the south it was 0.7 tonne.

In the north, the 50% of catch volume was made up of pieces over the T5 and 50% of pieces under T6.

In the south, two-thirds of the catch volume were made up of small pieces.

Small vessels have resumed and they have landed some volumes since mid-month. Large vessels will resume in February.

Besides, in Dakhla, plants on shore initially caught 200 tonnes/day and then they dropped to 100 tonnes.

The delivery of products to Japan and Europe has started, but the volume is low.

Japan is just receiving the deliveries of pieces under T6.

Back to index

1.2 Mauritania

Octopus (Octopus vulgaris)

The situation in Mauritania is still bad. So far, a freezing vessel has caught between 12 and 15 tonnes. As there are about 70 vessels operating, they estimate that catches have just totalled about 1,000 tonnes.

Back to index

2. ASIA

2.1 Japan

Japanese flying squid (Todarodes pacificus)

Auctions

On 6 January, a Wessel arrived at the port of Ogi and catches came to an end.

They have bid 82,123 boxes of the species from 12 vessels, out of which 79,176 boxes were of IQF.

The IQF was made up of: size 18 = 6%, 23 = 41%, 26 = 35% and size 31 = 16%.

Table 1: Auction of Japanese flying squid IQF in Ogi,
Through 5 January 2010

Size

Ogi – (JPY/box)

6 Jan

28 Dec

25 Dec

18/20 pc/kg

2,160 – 2,100

2,123

2,235 – 2,150

23/25 pc/kg

2,070 – 2,027

2,090 – 2,020

2,081 – 2,069

26/30 pc/kg

1,950 – 1,920

1,965 – 1,920

1,932 – 1,910

31/35 pc/kg

1,985 – 1,955

2,005 – 1,955

1,930 – 1,910

Source: FIS.com

Supplies

According to the NMFS, the inventories of squid in October 2009 in the country reached 49,876 tonnes, up 15% on those of the previous month and down 5% on those of October 2008.

Table 2: Squid inventories in the country, October 2009

Species

Oct 09

Sep 09

Oct 08

Oct/Sep 09

Oct 08/09

squid

49,876

43,489

52,487

15%

-5%

Source: NMFS (ASEAN)

Octopus (Octopus vulgaris) and others

Market

The authorities of the Tokyo and Osaka markets informed that in November 2009 they traded 1,996 tonnes of octopus, in all varieties and products, worth JPY 1,529.5 million (about USD 17.1 million, corrected currency).

Table 3: Octopus trading, Tokyo and Osaka markets,
November 2009

Tokyo

Volume (MT) Nov 09

Comparison with Nov 08

Value (million JPY) Nov 09

Comparison with Nov 08

Price (JPY/kg) Nov 09

Comparison with Nov 08

Product

Fresh

58

121%

68

101%

1,180

87%

Live

40

86%

45

70%

1,123

81%

Frozen

1,125

168%

721

116%

641

69%

Frozen /cooked

18

90%

22

74%

1,212

83%

Cooked

231

134%

240

95%

1,041

71%

in vinegar

41

209%

53

193%

1,281

93%

Seasoned

11

282%

14

282%

1,244

98%

Total

1,524

156%

1,163.0

109%

763

70%

Eastern Osaka And central

Volume (MT) Nov 09

Comparison with Nov 08

Value (million JPY) Nov 09

Comparison with Nov 08

Price (JPY/kg) Nov 09

Comparison with Nov 08

Product

Fresh

79

81%

65

78%

818

96%

Frozen

296

136%

198

107%

669

79%

Boiled

97

99%

104

98%

1,071

89%

Total

472

114%

366.5

98%

777

86%

Source: Tokyo markets

The authorities of the Tokyo and Osaka markets informed that in the first eleven months of the year they traded 22,062 tonnes of octopus, in all varieties and products, worth JPY 17,637.6 million (about USD 187.7 million, corrected currency).

Table 4: Octopus trading, Tokyo and Osaka markets
January-November 2009

Tokyo

Volume (MT) Jan-Nov 09

Comparison with Jan-Nov 08

Value  (million JPY) Jan-Nov 09

Comparison with Jan-Nov 08

Price (JPY/kg) Jan-Nov 09

Comparison with Jan-Nov 08

Product

Fresh

618

115%

792

104%

1,281

90%

Live

433

79%

562

66%

1,297

83%

Frozen

11,785

152%

7,813

103%

663

68%

Frozen /cooked

195

87%

255

74%

1,306

86%

Cooked

2,645

138%

3,010

103%

1,138

75%

in vinegar

181

117%

214

103%

1,185

88%

Seasoned

50

132%

52

136%

1,041

103%

Total

15,907

142%

12,698

100%

798

91%

Osaka

Volume (MT) Jan-Nov 09

Comparison with Jan-Nov 08

Value  (million JPY) Jan-Nov 09

Comparison with Jan-Nov 08

Price (JPY/kg) Jan-Nov 09

Comparison with Jan-Nov 08

Product

Fresh

1,017

63%

835

46%

821

72%

Frozen

3,946

133%

2,778

96%

704

72%

Boiled

1,192

146%

1,327

121%

1,113

83%

Total

6,155

114%

4,940

85%

803

86%

Source: Tokyo markets

Octopus (Octopus vulgaris)
Octopus (Octopus mimus) And others

Imports

According to Japanese Customs, in November 2009 imports reached over 4,904 tonnes of octopus in all products and varieties, worth over JPY 2,356 million (about USD 26.4 million, corrected currency), meaning an average price of JPY 480 (about USD 5.38)/kg CIF Japan.

These figures are down 62% in volume and 29% in CIF value on those of October 2009; compared with those imported in November 2008, they were up 86% in volume and 63% in CIF value .

Out of that volume over 3,966 tonnes (81%) came from Western Africa and Spain, worth almost JPY 1,940 million (about USD 21.8 million).

Table 5: Octopus imports, November 2009

Origin

November 2009

January-November 2009

Volume (kg)

CIF Value (thousands of JPY)

Price (JPY/kg)

Volume (kg)

CIF Value (thousands of JPY)

Price (JPY/kg)

China

309,840

199,565

644

4,964,898

3,076,940

620

Vietnam

357,337

131,193

367

3,503,626

1,355,798

387

Thailand

106,258

31,286

294

1,375,334

410,588

299

Malaysia

8,916

2,479

278

124,660

37,647

302

Philippines

2,404

1,823

758

11,942

10,124

848

Indonesia

21,610

4,821

223

190,156

67,543

355

India

110,466

26,454

239

210,647

48,434

230

Portugal

21,579

8,873

411

21,579

8,873

411

Spain

910,083

388,571

427

2,685,116

1,432,053

533

Greece

-

-

-

234,684

119,954

511

USA

-

-

-

8,595

2,055

239

Mexico

46,173

16,440

356

89,663

31,039

346

Morocco

1,894,156

993,206

524

12,286,471

6,108,445

497

Western Sahara

-

-

-

49,874

24,246

486

Mauritania

1,024,564

520,423

508

23,527,976

11,735,621

499

Senegal

90,754

31,136

343

1,021,542

374,793

367

Canary Islands

-

-

-

47,712

20,733

435

Total

4,904,140

2,356,270

480

50,354,475

24,864,886

494

Source: Japan Customs

In the first eleven months of 2009, imports reported over 50,354 tonnes of octopus worth over JPY 24,864 million CIF (about USD 264.6 million, corrected currency), meaning an average price of JPY 494 (about USD 4.62)/kg CIF.

These figures are up 20% in volume and down 26% in CIF value on those of the same period in 2008.

Out of that volume almost 39,619 tonnes (79%) came from Western Africa and Spain, worth over JPY 19,696 million (about USD 209.6 million).

Back to index

2.2 Thailand

Octopus (Octopus vulgaris) and others

Imports

According to Thai Customs, in November 2009, imports reported 558.6 tonnes of octopus in all products, worth USD 762,749, corrected currency, with an average price of USD 1,397/kg CIF Thailand.

These figures are up 51% in volume and 42% in FOB value on those reported in the previous month.

Table 6: Octopus imports, November 2009

Product

November 2009

January-November 2009

Volume (MT)

CIF Value (thousands of USD)

Price (USD/MT)

Volume (MT)

CIF Value (thousands of USD)

Price (USD/MT)

live

-

-

-

-

-

-

fresh

0.5

6.9

14,669

12.44

81.72

6,570

Frozen

558.1

773.5

1,386

5,034.24

8,590.51

1,706

Dried/salted/in brine

-

-

-

109.70

140.49

1,281

Total

558.6

780.4

1,397

5,156.4

8,812.7

1,709

Source: Thai Customs

In January-November 2009, imports reported 5,156.4 tonnes of octopus in all products, worth over USD 8.8 million, corrected currency, with an average price of USD 1,709/t CIF Thailand.

From January to November 2009, Malaysia, Peru and Taiwan were the main octopus suppliers.

Table 7: Main origins for octopus products,
January-November 2009

HS Code

Product

Main Origin

January-November 2009

Volume (MT)

CIF Value (thousands of USD)

Price (USD/MT)

0307 5110 000

live

No imports

-

-

-

0307 5120 000

fresh

Malaysia

8.1

9.8

1,202

0307 5910 001

Frozen

Peru

693.4

1,281.7

1,848

0307 5920 001

Dried/salted/in brine

Taiwan

53.3

35.4

665

Source: Thai Customs

Exports

According to Thai Customs, in November 2009, exports reported 431.6 tonnes of octopus in all products, worth over USD 1.3 million, corrected currency, with an average price of USD 3,038/kg FOB Thailand.

These figures are down 30% in volume and 17% in FOB value on those reported in the previous month.

Table 8: Octopus exports, November 2009

Product

November 2009

January-November 2009

Volume (MT)

FOB value (thousands of USD)

Price (USD/MT)

Volume (MT)

FOB value (thousands of USD)

Price (USD/MT)

live

4.0

15.2

3,809

0.10

0.36

3,517

fresh

6.0

13.0

2,166

4.60

14.04

3,055

Frozen

420.9

1,274.1

3,027

7,415.35

21,305.80

2,873

Dried/salted/in brine

0.7

9.0

13,868

14.17

172.50

12,178

Total

431.6

1,311.4

3,038

7,434.2

21,492.7

2,891

Source: Thai Customs

In January-November 2009, exports reported 7,434.2 tonnes of octopus in all products, worth over USD 21.4 million, corrected currency, with an average price of USD 2,891/t CIF Thailand.

Japan, Taiwan and Italy were the main destinations of octopus from January to November 2009.

Table 9: Main destinations for octopus products,
January-November 2009

HS Code

Product

Main Destination

January-November 2009

Volume (MT)

FOB value (thousands of USD)

Price (USD/MT)

0307 5110 000

live

Japan

0.08

0.31

3,865

0307 5120 000

fresh

Taiwan

4.58

14.00

3,054

0307 5910 001

Frozen

Italy

2,446.52

8,873.80

3,627

0307 5920 001

Dried/salted/ in brine

Japan

10.98

115.63

10,531

Source: Thai Customs

We must highlight that Octopus have different sizes, so the monthly variation of the average price for each product depends on the proportion of the size in that month.

Results

In November 2009, the commercial Thai balance of octopus was positive at USD 530,977 million and in the eleven months it was positive at USD 12.7 million.

Back to index

3. EUROPE

3.1 Spain

Squid, shortfin squid, cuttlefish and octopus

Cephalopods species auction volumes in Galician markets declined by 22% during week 1. That of squid and lesser flying squid increased. That of the rest of the cephalopods declined.

Table 10: Landed volumes in Galician markets,
weeks 1 of 2010 and 52 of 2009

Species

Volume (MT)

% of variation

Week 1

Week 59

Cuttlefish (Sepia officinalis)

5.57

8.54

-35

Squid (Loligo vulgaris)

16.08

10.66

51

Octopus (Octopus vulgaris)

15.73

55.83

-72

Horned octopus (Eledone cirrhosa)

12.20

18.28

-33

Lesser flying squid (Toradopsis eblanae)

54.45

39.30

39

Northern shortfin squid (Illex coindetii)

16.78

37.71

-55

Source: FIS.com

Landed volumes during week 2 declined from those of the previous weeks. The main landed volumes were reported at the port of Marín, coming from Chile.

Table 11: Landed volumes of frozen cephalopods, week 2

Port

Volume (MT)

Origin

Bilbao

54

China

Marín

206

Chile

40

Peru

Vigo

21

India

25

New Zealand

166

Peru

Algeciras

67

Morocco

(Transfers between Spanish ports are not taken into account)
Source: Portel

The incoming volumes of cephalopods into Mercamadrid declined by 18% in the case of frozen products and 13% for fresh ones during week 1. The highest drop was reported by fresh and frozen octopus. The highest rise was that of fresh shortfin squid rings.

Table 12: Demand for cephalopods in Mercamadrid,
weeks 1 and 59

Presentation

Product

Volume (kg)

% of variation

Week 1

Week 52

Frozen

Boston squid

6,239

5,615

11

Frozen

California squid

13,368

12,031

11

Frozen

Indian squid

13,368

12,031

11

Frozen

National squid

35,649

32,083

11

Frozen

Patagonian squid

20,499

18,450

11

Frozen

Squids fried in butter

84,912

94,321

-10

Frozen

Small squid

2,385

2,500

-5

Frozen

Clean cuttlefish

8,453

16,362

-48

Frozen

Dirty cuttlefish

2,113

4,090

-48

Frozen

Galician octopus

40,137

59,932

-33

Frozen

Thai octopus

17,202

25,686

-33

Frozen

midsize squid

0

0

-

Frozen

Shortfin squid

7,355

22,390

-67

Fresh

Flying squid rings

18,253

4,665

291

Fresh

Squid

91,373

87,930

4

Fresh

Small squid

4,839

12,203

-60

Fresh

Jumbo flying squid

2,600

9,854

-74

Fresh

Octopus

35,885

48,681

-26

Fresh

Cooked octopus

53,827

73,022

-26

 Source: Mercamadrid

Prices

In Galician markets during week 1 the prices for squid dropped due to the rise in supplies and those of octopus also declined following the drop in the demand. Those of lesser flying squid increased due to the rise in demand and that of cuttlefish and flying squid also rose due to the drop in supplies.

Table 13: Quotes in Galician markes,
week 1 of 2010 and 50 of 2009

Species

Average price (EUR/kg)

% of variation

Week 1

Week 59

Cuttlefish (Sepia officinalis)

4.59

3.95

16

Squid (Loligo vulgaris)

2.49

3.53

-29

Octopus (Octopus vulgaris)

4.09

4.18

-2

Horned octopus (Eledone cirrhosa)

0.80

0.88

-9

Lesser flying squid (Toradopsis eblanae)

1.18

1.02

16

Northern shortfin squid (Illex coindetii)

1.03

1.00

3

Source: FIS.com

During week 1, there was stability in origin prices of frozen species. There were no variations in known supplies.

Table 14: DDP Spain prices for frozen cephalopods, week 1

Product

Size

Price (EUR/kg)

Patagonian squid

(Loligo gahi)

7/10 cm

2.70

10/12 cm

2.50

12/16 cm

2.40

16/19 cm

2.20

19/22 cm

1.90

22 cm up

1.70

Peruvian squid

Size M

2.00

Size G

2.50

Squid (South Africa)

Size XL

5.00

Size L

4.50

Size M

4.00

Size S

3.50

Pakistani squid

10/20 cm

2.30

6/10 cm

3.00

3/6 cm

3.40

Indian squid

20/40 pc/kg

3.70

10/20 pc/kg

3.40

midsize squid

3/5 cm

2.00

Argentine shortfin squid (Illex argentinus)

Clean tube 24/30 cm

2.20

Clean tube 20/24 cm

1.80

Clean tube 15/20 cm

1.60

Tube 18 / 22 cm

0.90

Tube 23 / 28 cm

1.00

Tube 28 cm up

1.30

Whole (200/300 g)

1.30

Whole (300/400 g)

1.20

Rings

3.10

Mauritanian clean cuttlefish

80/150 g

1.50

150/300 g

2.50

300/500 g

3.20

Peruvian shortfin squid tube

100/200 g

1.00

200/400 g

1.10

400/600 g

1.20

Frozen Moroccan Octopus

T1

8.50

T2

8.00

T3

7.00

T4

6.00

T5

5.80

T6

5.50

T7

4.50

T8

4.00

T9

3.50

Frozen Mauritanian octopus

T1

8.00

T2

7.50

T3

7.00

T4

6.50

T5

5.20

T6

4.90

T7

4.50

T8

4.00

T9

3.90

Source: FIS.com

In Mercamadrid during week 1 the fresh squid saw its price rise. The rest remained stable.

Table 15: Average prices in Mercabarna, weeks 1 and 52

Product

Average price (EUR/kg)

% of variation

Week 1

Week 52

Frozen squid rings

3.00

3.00

0

Frozen Boston squid

3.50

3.50

0

Frozen Californian squid

2.40

2.40

0

Frozen Chinese squid

4.20

4.20

0

Fresh squid

9.52

6.36

50

Frozen Indian squid

2.50

2.50

0

Frozen national squid

7.00

7.00

0

Frozen shortfin tube

3.75

2.30

63

Frozen Patagonian squid 1/2/3/4

3.05

3.05

0

Frozen squid fried in butter

4.90

4.90

0

Fresh baby squid

29.63

28.04

6

Patagonian squid, 5/6 frozen

2.20

2.20

0

Fresh cuttlefish

6.39

4.48

43

Clean cuttlefish frozen in block

3.60

3.60

0

Clean cuttlefish frozen on crushed ice

4.10

4.10

0

Fresh peeled cuttlefish

4.80

5.06

-5

Frozen dirty cuttlefish

4.20

4.20

0

Fresh octopus

2.82

1.93

46

Thai frozen octopus

2.40

2.40

0

Frozen Galician octopus

7.50

7.50

0

 Source: Mercabarna

Markets

Table 16: Imports of squid (Loligo spp.),
January – September 2009/2008

Country

Volume (MT) Jan / Sep

2009 vs 2008 (%)

2009

2008

Falkland Islands

17,817

23,900

-25

India

10,218

10,367

-1

China

4,714

4,770

-1

South Africa

3,021

3,641

-17

Morocco

2,792

2,135

31

United States

581

2,124

-73

United Kingdom

928

1,510

-39

Peru

1,546

859

80

Thailand

357

2,037

-82

Malaysia

360

1,841

-80

South Korea

641

1,453

-56

Mauritania

698

1,181

-41

Italy

679

841

-19

Portugal

516

432

19

France

232

433

-46

Namibia

509

147

248

Others

875

1,198

-27

Total

46,484

58,869

-21

 Source: General Customs Office

Table 17: Exports of squid (Loligo spp.),
January – September 2009/2008

Country

Volume (MT) Jan / Sep

2009 vs 2008 (%)

2009

2008

France

31,946

947

33 times

Italy

15,226

11,726

30

Portugal

3,502

3,981

-12

Croatia

2,666

2,622

2

South Africa

1,210

1,266

-4

Slovenia

1,134

1,142

-1

Morocco

1,013

873

16

China

510

895

-43

Greece

723

516

40

Germany

522

434

20

Namibia

531

263

102

Bosnia-Herzegovina

247

364

-32

Argentina

86

269

-68

Vietnam

149

146

2

United Kingdom

99

125

-21

Albany

144

65

123

Others

508

702

-28

Total

60,218

26,335

129

 Source: General Customs Office

Back to index

4. LATIN AMERICA

4.1 Chile

Octopus (Octopus mimus, Octopus vulgaris and Enteroctopus megalocyathus)

Chilean Customs informed that in November 2009 exports reached 120.7 tonnes of frozen octopus worth over USD 438,800 FOB.

In November 2009, no chilled octopus exports were registered.

Table 18: Octopus exports, November 2009

November

Volume (MT)

Var. Vol.

FOB value (USDx1,000)

Var. Val.

2009

2008

2009

2008

chilled

-

5.86

-

-

16.65

-

Frozen

120.7

231.2

-48%

438.8

1,008.9

-57%

Total

120.7

237.0

-49%

438.8

1,025.6

-57%

 Source: Chilean Customs

Table 19: Main exporters of octopus, November 2009

Product

No of export

Best exporter

Share

Destination

Chilled

-

No exports

-

-

Frozen

7

Rep. S & D Ltda.

42%

Spain and Portugal

 Source: Chilean Customs

During the first eleven months of 2009, exports reached 1,731.2 tonnes of frozen and chilled octopus worth over USD 5.9 million FOB.

Table 20: Octopus exports, January-November 2009

Jan-Nov

Volume (MT)

Var. Vol.

FOB value (USDx1,000)

Var. Val.

2009

2008

2009

2008

chilled
HS. 0307.51.00

15.0

75.2

-80%

41.2

229.0

-82%

Frozen
HS 0307.59.10

1,716.2

1,903.5

-10%

5,943.5

10,664.5

-44%

Total

1,731.2

1,978.7

-13%

5,984.7

10,893.5

-45%

Source: Chilean Customs

Prices

Table 21: Reference FOB prices for octopus,
November 2009

Variety

Presentation

Product

Grade

Price (EUR/MT)

O. mimus

IQF

Whole, gutted With eyes, with beak

0.8 - 1.0 kg

3,780

1 - 2 kg

3,800

2 kg/up

3,820

Source: FIS.com

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4.2 Mexico

Octopus (Octopus Maya & Octopus Vulgaris)

Catches

As scheduled, maya octopus catch operations ended up on 15 December They have almost fulfilled the quota of 12,000 tonnes fixed for the season and they may have even exceeded it because only Yucatán ended with 10,706 tonnes –preliminary figures. There is still to know about Campeche and Quintana Roo, the three states that make up the Yucatán Peninsula.

During week 48, Maya octopus landed volumes reported 316,613 kg, up 10,088 kg on those of the previous week; Vulgaris octopus reached 295,261 kg at Progreso, up 39,856 kg on those of the previous week.

During week 49 and through 15 December, they landed 182,717 kg of maya octopus and 307,189 kg of the vulgaris variety.

Total landed volumes of maya octopus in December reported 499,329 kg, up 136,908 kg on those of the same period in 2008. Those of vulgaris octopus totalled 602,450 kg, down 183,244 kg on those of the same month in 2008. This was due to a very bad season which made the season get extended through 31 December 2008.

Cumulative landed volumes of maya variety have totalled 10,706 tonnes, since the beginning of the season, up 8,452 tonnes on the cumulative registered in 2008. Cumulative volumes of vulgaris octopus registered 6,944 tonnes, up 3,539 tonnes on those of 2008.

Graph 1: Monthly Maya and Vulgaris octopus catches in Yucatán,
August-December 2003/2009 (*), in tonnes

(*) 2009: (*) through 15 December
Source: SAGARPA Yucatán

Maya Octopus catches in 2009 may have been easily equalled by those of 2006 but the quota fixed for that year was 13,000 tonnes. They even exceeded too much over the fixed quota.

During 2009 there were enough volumes to reach that figure, but the authorities and vessel owners saw that the market conditions were not good to increase the quota. So the year 2006 still ranks first in catch volumes, thus leaving the second position for 2009.

Table 22: Monthly octopus catches,
December 2008/2009, in kg

Date

Maya

Vulgaris

15 December 08

362,421

785,694

15 December 09

499,329

602,450

Source: CONAPESCA

Prices, markets and inventories

In December, the octopus trading activities continued actively and they exported to Italy: 184 containers, to the US: 9 containers, to Spain: 8 containers, to Japan:  8 containers, to Monaco: 4 containers and to Greece: 1 container.

Inventories at the freezing factories of Mérida, Yucatán reported about 3,000 tonnes, which will be traded within the locality and they will be sent to the market of La Nueva Viga in the Federal District, with partial deliveries.

In the national market, during the second week of the year, the values of frozen and fresh octopus increased –compared with the last quotes.

The frequent price for frozen octopus increased by 4.7% and that of the fresh product rose by 20.7%, these rises have nothing to do with the relationship between the MXN and the USD.

Table 23: Wholesale prices in La Nueva Viga,
through 8 January 2010, in USD/t

Origin

Presentation

Lowest

Highest

Frequent

Yucatán

Frozen

5,876

6,266

6,111

Campeche

Fresh

5,092

5,484

5,327

Source: Economics Secretary

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By Juan Murias, Luis Eustaquio and Ignacio Bayley Bustamante

www.fis.com


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