Mackerel prices rise 15%
A reduced catch quota for North Sea mackerel will force prices up by at least 15%, according to sources in Denmark.
Japan and Russia are enjoying year-on-year growth, so with a quota drop from 535,000 tonnes in 2004 to this year’s 410,000 tonnes, UK traders fear the 15% may be an under estimation.
Canned mackerel features in some healthy eating regimes and, as a result, is beginning to attract new consumers.
Prices of Moroccan and Portuguese sardines are also on the increase because of tin plate and fuel price rises.
However, these rises should be manageable because raw material stocks appear healthy.
Rumours of a marginal reduction in duty for Thailand, the Philippines and Senegal to help processors affected by the tsunami were circulated in Bangkok. But there has been no comment from Brussels.
Producers wrong-footed
New season contracts for olive oil have been concluded at prices more than 20% higher than last year, after reports of a shortfall in production.
A frenzy of activity created some confusion, with UK and European retailers covering off their 12 months’ requirements, which all show year-on-year growth. “Negotiations have been frustrated by producers who were wrong-footed by the markets’ reactions,” said one trader.
Alaskan salmon looks up
Forecasts for Alaskan salmon indicate another good pack of reds and improved availability of pinks, after last year’s disappointing production.
An improved export market for wild sockeye (red) will result in nearly all fish going through the frozen market at the expense of canning. “It doesn’t make sense for us to can red salmon in Canada with the resurgence of the demand for quality reds around the world,” one Vancouver-based exporter said. Canneries will need to operate, concentrating on 105g and skinless and boneless.
A reduced catch quota for North Sea mackerel will force prices up by at least 15%, according to sources in Denmark.
Japan and Russia are enjoying year-on-year growth, so with a quota drop from 535,000 tonnes in 2004 to this year’s 410,000 tonnes, UK traders fear the 15% may be an under estimation.
Canned mackerel features in some healthy eating regimes and, as a result, is beginning to attract new consumers.
Prices of Moroccan and Portuguese sardines are also on the increase because of tin plate and fuel price rises.
However, these rises should be manageable because raw material stocks appear healthy.
Rumours of a marginal reduction in duty for Thailand, the Philippines and Senegal to help processors affected by the tsunami were circulated in Bangkok. But there has been no comment from Brussels.
Producers wrong-footed
New season contracts for olive oil have been concluded at prices more than 20% higher than last year, after reports of a shortfall in production.
A frenzy of activity created some confusion, with UK and European retailers covering off their 12 months’ requirements, which all show year-on-year growth. “Negotiations have been frustrated by producers who were wrong-footed by the markets’ reactions,” said one trader.
Alaskan salmon looks up
Forecasts for Alaskan salmon indicate another good pack of reds and improved availability of pinks, after last year’s disappointing production.
An improved export market for wild sockeye (red) will result in nearly all fish going through the frozen market at the expense of canning. “It doesn’t make sense for us to can red salmon in Canada with the resurgence of the demand for quality reds around the world,” one Vancouver-based exporter said. Canneries will need to operate, concentrating on 105g and skinless and boneless.
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