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Fish & seafood outlook

Fish & seafood outlook

What's happening in the market in March


  • In season & at their best: Dover Sole, Brill, Turbot, Scallops, Hake, Scottish Monkfish, Lemon Sole, farmed Sea Bass & Sea Bream, Skrei Cod, Manila Clams, Cod, Haddock, Mussels.
  • Salmon – Norwegian and Chilean harvest reductions, Easter also approaching which will have an effect on prices too.
  • Cod & Haddock – A great month for good quality fish with stable availability and prices. Skrei Cod season continues until April (you can find more information on Skrei Cod here).
  • Sea Bass & Bream – Stable prices and no availability issues forecasted.
  • Mackerel & Squid – Prices will follow seasonal drop in landings.
  • Coldwater Prawns – This year’s availability and prices are affected by the Canadian quota cuts in 2018.
  • Coated fish & seafood – Price inflation is due to the reduced 2019 quotas for Cod and Haddock, and low raw material inventory used in coated Squidproducts.

CURRENCY (as of 19th February): Over the past 3 years, the Pound has lost about 15% of its value against all major currencies. As we’re approaching the Brexit deadline on the 29th March, developments around the Withdrawal Agreement, more than anything else, will be the primary drivers for the Sterling performance in March. The short-term outlook for the Pound-to- Euro exchange rate is improving and it’s trading at around 1.14. It continues, however, loosing against the American Dollar and is now quoted at 1.292. Against the Norwegian Kroner, the GBP has been trading at 11.16 NOK, but it was also seen at 11.06 last week.


- Volumes from Norway are currently in line with the same period last year (although at higher prices) but are expected to drop from 26-30,000t a week to 20-22,000t a week in the next month.

- This, along with Chilean harvest reductions, will apply pressure to pricing.

- In addition, seasonal prices tend to bottom in this period before climbing slowly towards Easter – the increase levels will depend on harvest and production in the sea.

- Brexit is also introducing uncertainty due to possible currency fluctuations.


- Cod & Haddock - Strong availability and good quality from both Norway and Iceland.

- Hake - The recent high prices, triggered by the slow start to the season, are easing back


- Good supplies are expected to continue throughout the month on both species with stable pricing.


- A good month for Tuna landings in the Maldives with stable fishing conditions and steady prices.

- Swordfish should be readily available from the Seychelles, India and Sri Lanka.


- Lobster – Prices remain high for Canadian Lobsters as a result of an increased demand from Asia and the reduced fishing due to the extreme weather. Little Natives being landed and sold at a premium price.

- Squid – Seasonal drop in landings until water temperatures increase in spring.

- Mackerel – Seasonal price increase also applies to this species. In addition, the Marine Stewardship Council (MSC) certification for all North East Atlantic Mackerel fisheries will be suspended from 2nd March following the recent stock assessment. The 2019 quotas have already been reduced by 20%.


- Coldwater - Availability of cooked and peeled Prawns is reduced due to Canadian fisheries being affected by quota cuts in 2018.

- Warmwater – We will see freshwater Prawn prices going up following reduced harvest in Bangladesh due to prices to farmers last year being below cost.


- Squid – Following poor landings of Illex and Todarodes Squid last year, raw material supply has been reduced which has impacted prices.

- Cod Goujons – 2019 Barents Sea quota cuts have been having an effect on coated product prices.


- Fish fingers – We will be seeing inflation due to raw material price rises across white fish.

- Scampi – Continued high demand vs. low landings forces price rises to boats and processors.

For the latest news & info follow @mjseafood

From the latest updates on what's been landed where through to weather reports and customer reviews. M&J Seafood keeps you close to what's breaking in the industry.