GLOBEFISHcelebrates 30 YEARS!Proud to be part of a strong international network of seafood trade expertsVisit our anniversary section at www.globefish.org 1984 – 2014

LATEST TRENDS

The world’s largest seafood exhibition, now officially renamed Seafood Expo Global, will take place in Brussels from 6 to 8 May. As usual, operators from all continents and regions meet to look for new products, clients or suppliers, and to be updated on current trends in prices and consumer needs. A number of fisheries related events are also organized during the same period in Brussels, in particular on certification and labelling issues, although most operators find it difficult to leave the exhibition for such external events.

Certification is increasingly seen by producers and exporters as a competitive tool in gaining access to specific markets or distribution channels. Whereas certification for quality and safety purposes is mostly related to CODEX standards and regulatory requirements, certification for environmental purposes, i.e. eco-labels, relies on voluntary standards. These are mostly based on the three FAO guidelines for ecolabel certification available for marine and inland capture fisheries and for aquaculture. Unfortunately, the vast number of standards and schemes, and the lack of harmonization between them, compels the processors to adopt different schemes for different markets or clients, leading to multiple certifications for mostly similar requirements. This then results in higher costs for

Issue 04/2014 April 2014

INDEX FOR PRICES

Groundfish 13

Flatfish 14

Tuna 14

Small Pelagics 15

Cephalopods 15

Crustaceans 16

Bivalves 18

Salmon 18

Trout 19

Freshwater fish 19

Non Traditional Species 19

Seabass-Seabream- Meagre 20

The European Fish Price Report, based on information supplied by industry correspondents, aims to provide guidance on broad price trends.

Price information is indicative and should be used only for forecasting medium- and long-term trends.

FAO is not responsible for any errors or omissions.

producers, and ultimately for consumers also. Some attempts have been made to harmonize the various standards, including through a memorandum of understanding (MoU) between some of the major standard owners, but in practice only limited progress has been seen so far. Come and visit GLOBEFISH at Seafood Expo Global - Stand 6-1305. GLOBEFISH 30TH Anniversary We are proud to inform you that in July this year GLOBEFISH will celebrate its 30th Anniversary. For this occasion, we have created a special section on our web site to provide our users, special contacts and colleagues the possibility of expressing their opinion on the services offered by GLOBEFISH. New monthly statistics series have also been made available under the “30th Anniversary” section. We wish to thank you for all the support and feedback received over the years. We feel privileged to work with such a strong international network of experts on seafood trade. Visit the 30th Anniversary section at www.globefish.org. GLOBEFISH at the Boston Seafood Expo The North American Seafood Expo is the largest seafood trade event in North America. Attracting over 19 000 buyers and suppliers from more than 100 countries, the Expo enabled FAO to network with private sector and NGO stakeholders. In addition, the Expo presented GLOBEFISH with the opportunity to seek new correspondents from the private sector to expand its company network for its trade publications. This year the show was co-located with the New England Food Show, the largest regional trade event serving buyers and suppliers in the foodservice and retail markets.

GROUNDFISH

According to the Norwegian Seafood Council, the skrei (spring cod) catches this season have reached record-highs, resulting in an all-time high export figure in addition to substantial sales on the domestic market. During the first quarter this year, 141 000 tonnes of cod, saithe and haddock were exported, representing a 22% increase over last year. In terms of value, exports amounted to NOK 3.4 billion (+30%). Never before have such high export figures been recorded. The total for all fresh codfish exports was 32 717 tonnes, corresponding to a 78% increase over last year’s figure. The price increased by 5% (to NOK 0.39/kg), although in EUR this corresponded to a decrease of 5%. Norway exports of clipfish were also good with a total of 25 681 tonnes, representing 2 483 tonnes more than in the first quarter of 2013. Brazil remains the biggest market for clipfish, followed by Portugal. Salted fish exports increased by 22% to a total of 13 354 tonnes while at the same time the price rose by 10%. Portugal has bought 70% of all Norwegian salted fish so far this year, which was worth 11% more than last year. Exports of frozen cod, saithe and haddock amounted to a total of NOK 1.1 billion during the first quarter, representing an increase of 24% compared with last year’s figure. China is the number one destination for these exports.

On the EU market it is reported that last month, many customers were looking for cod as a consequence of the lack of availability. Now that the cod campaign has started, it seems that this year the usual April price drop will not occur because buyers prefer to pay a slightly higher price rather than being out of stock.

2

The market for frozen raw material from long lines for the production of wet-salted cod fillets (both Gadus Macrocephalus and Gadus Morhua), is reported to be suddenly under pressure with rising prices. On the EU market, consumption of wet-salted cod fillets (Gadus Morhua) from fresh raw material is expected to slow down after Easter. Stockfish hanging in Lofoten Islands is now coming to an end. Producers estimate that the total hung quantity will be lower than last year by 20-30%. Ling consumption is now decreasing and demand is focusing on contracts for later deliveries. Saithe supply is reported to be insufficient to cover demand. On the Spanish market, prices for PBO Merluccius productus (hake) for the spring season have decreased, as have prices for Alaska pollock blocks. During the first quarter of this year, the Russian market was characterized by sufficient volumes of domestically-caught cod, while catches of haddock and capelin have been low. On the wholesale market in Murmansk at the end of March, cod prices have been low and the market is sluggish. Buyers have not yet adjusted to the shift in prices. For example, frozen gutted cod (Russian catch) was at RUB 103-110/kg (EUR 2.10-2.25/kg). Meanwhile, the Russian Federal Veterinary and Phytosanitary Surveillance Service has imposed, from 1 January 2014, limits on imports of groundfish (cod, haddock, and halibut) and pelagic species (mackerel and herring) from Norway. During the first quarter this year, Alaska pollock catches in Russia reached 754 500 tonnes, which is 45 800 tonnes more than in the first quarter of 2013. Presently the Alaska pollock fishing season in the Okhotsk Sea is coming to an end. Experts report that the usage of the TAC for Alaska pollock up to this point is significantly ahead of past years. These good catches were the result of favourable weather conditions coupled with good preparation prior to the fishing season. Demand has increased both inside and outside the country. At the local level, Alaska pollock remains the main requested species while demand for other species is stable. In Vladivostok, at the beginning of April, Alaska pollock prices ranged between RUB 47-49 /kg (EUR 0.96-1.00/kg) while in Moscow, the price fell to RUB 63/kg (EUR 1.29/kg) for Alaska pollock >25 and RUB 65 (EUR 1.33/kg) for Alaska pollock >30. The European Union imported 46 156 tonnes of frozen surimi in 2013. Imports of pollock surimi increased to 25 162 tonnes (+34% from 2012), while cod-based surimi was nearly 90% more at 8 276 tonnes. Imports of other surimi from Asia dropped 42% to 12 719 tonnes because of a sharp decline in landings as well as an increase in demand for fresh fish and surimi in Southeast Asia (INFOFISH).

1.94

1.01.31.51.82.02.32.5

Apr-1

1Ju

n-11

Aug-

11O

ct-1

1D

ec-1

1Fe

b-12

Apr-1

2Ju

n-12

Aug-

12O

ct-1

2D

ec-1

2Fe

b-13

Apr-1

3Ju

n-13

Aug-

13O

ct-1

3D

ec-1

3Fe

b-14

Apr-1

4

Cod - In Poland (FOB, origin: Baltic Sea)

Fresh guttedEUR/kg

2.42

2.0

2.3

2.5

2.8

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Surimi - In France, origin: Spain

Stick 250 gr/pc

EUR/kg

3

FLATFISH

In 2013, the EU imported 7 248 tonnes of turbot (psetta maxima, scophthalmidae), 37% less than in 2012. The Italian market was the number one importer in Europe with 1 734 tonnes (-14%), followed by Spain with 1 562 tonnes (-70%) and France with 1 124 tonnes (-24%). This month, low demand for turbot in Europe is pushing prices down. This trend is strengthened both by good landings at sea and good growth in farms. Moreover, a further price drop is expected as some farmers are desperate to find buyers for some of their remaining stocks of small-sized turbot. Farms are generally overstocked and no sign of recovery has been seen from the demand side.

TUNA

Fishing in the Western and Central Pacific has continued at a moderately good level. There are good round fish inventories in Bangkok and thus skipjack prices have continued their decline, dropping to USD 1 150/tonne CFR. In the Atlantic Ocean, catches have not improved since the reopening of the ICCAT exclusion zone on 1 March. Despite the poor fishing, skipjack prices have fallen to

EUR 930/tonne ex vessel Abidjan. Yellowfin prices have also decreased to EUR 1 900/tonne. Vessels in the Indian Ocean have continued to target mostly skipjack on FADs. Skipjack prices have continued to drop to EUR 750/tonne FOB Mahe. As local canneries are full, vessels are also transhipping their catches to other markets. Yellowfin prices have been holding firm at EUR 1 800/tonne FOB Mahe due to the low catches.

21.00

5.007.009.00

11.0013.0015.0017.0019.0021.0023.00

Aug-

11

Oct

-11

Dec

-11

Feb-

12

Apr-1

2

Jun-

12

Aug-

12

Oct

-12

Dec

-12

Feb-

13

Apr-1

3

Jun-

13

Aug-

13

Oct

-13

Dec

-13

Feb-

14

Apr-1

4

H&G - < 800 gr/pc

NOK/kg

Haddock - H&G, origin: Norway

6.75 8.00

3.505.006.508.009.50

11.0012.50

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

250-500

500-1000

Monkfish - IQF tails, skinless, 20% glazing - IWP in Spain, origin: Namibia

EUR/kg

6.20 6.60 8.20

11.40

5.07.09.0

11.013.015.017.019.0

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Turbot - In Spain, origin: Spain Fresh - whole, cultured 0.5-1kg/pc1-2 kg/pc2-3 kg/pc3-4 kg/pc

EUR/kg

1.15

1.15 0.501.001.502.002.503.00

Apr-1

0

Jul-1

0

Oct

-10

Jan-

11

Apr-1

1

Jul-1

1

Oct

-11

Jan-

12

Apr-1

2

Jul-1

2

Oct

-12

Jan-

13

Apr-1

3

Jul-1

3

Oct

-13

Jan-

14

Apr-1

4

Skipjack Bangkok CFR

Skipjack Ecuador, ex-vessel

USD/kg

Tuna - Pacific Ocean

4

Fishing in the Eastern Pacific has slowed down. However, as canneries still have high inventories, prices of both skipjack and yellowfin have dropped to USD 1 150/tonne and USD 2 300/tonne ex vessel Manta respectively. On the European market, skipjack prices have remained at the EUR 900/tonne CFR Spain level while yellowfin prices have continued to increase, to EUR 2 150/tonne CFR Spain, due to poor supply from the Indian and Atlantic Oceans. The market prices for cooked, double cleaned yellowfin loins have been maintained at USD 8 200/tonne DDP Italy.

SMALL PELAGICS

Total Norwegian exports of herring, mackerel and other pelagic fish decreased in value by 12.3% during this year’s first quarter compared with last year. Reduced herring exports (-13%) are attributed to lower quotas but also to lower prices. In contrast, generally good demand for mackerel and increased landings in Norway has resulted in higher Norwegian exports, as reported by the Norwegian Seafood Council. According to www.fishnet.ru, in 2014, the forecast for the Russian herring catch is estimated at 350 000 tonnes, of which only 35 000 tonnes will be Atlantic herring, while the main component will be Pacific herring caught in the Russian Far East. A shortage of 150 000 tonnes of herring is expected on the Russian market due to the decreased TAC for both Atlantic and Pacific herring. A significant part of Pacific herring catches is for exports, while Atlantic herring is intended more for processing companies. Pacific herring is generally smaller in size, lower in fat content, and more difficult to deliver from the Russian Far East to the European part of Russia for processing. Russia has traditionally been the leading importer and consumer of herring, and the processing companies have to decide either to wait for an improvement of the Atlantic herring situation, or use Pacific herring, which is currently exported in large volumes (around 100 000 tonnes) from the Russian Far East to the South-East Asian region. On the wholesale market in Moscow, at the beginning of April, the Pacific herring (large and fat, >25 cm) price started to rise from its lowest point of RUB 28/kg (EUR 0.57/kg) to RUB 33/kg (EUR 0.67/kg). Demand is described as dynamic with an upward price trend. It is forecast that in May the price will reach RUB 35/kg (EUR 0.71/kg). With regard to Atlantic herring, the price has been stable

2.15

0.90

0.501.001.502.002.503.00

Apr-1

0

Jul-1

0

Oct

-10

Jan-

11

Apr-1

1

Jul-1

1

Oct

-11

Jan-

12

Apr-1

2

Jul-1

2

Oct

-12

Jan-

13

Apr-1

3

Jul-1

3

Oct

-13

Jan-

14

Apr-1

4

Yellowfin > 10 kg, Spain CFR

Skipjack main sizes, Spain CFREUR/kg

Tuna - Spanish canneries

0.75

1.80

0.93

1.90

0.501.001.502.002.503.00

Apr-1

0

Jul-1

0

Oct

-10

Jan-

11

Apr-1

1

Jul-1

1

Oct

-11

Jan-

12

Apr-1

2

Jul-1

2

Oct

-12

Jan-

13

Apr-1

3

Jul-1

3

Oct

-13

Jan-

14

Apr-1

4

Skipjack, Seychelles, FOB

Yellowfin, Seychelles, FOB

Skipjack, Abidjan ex-vessel

Yellowfin, Abidjan, > 10 kg, ex-vessel

EUR/kg

Tuna - Indian/Atlantic Oceans

6.30

8.20

2.003.004.005.006.007.008.009.00

10.00Ap

r-10

Jul-1

0

Oct

-10

Jan-

11

Apr-1

1

Jul-1

1

Oct

-11

Jan-

12

Apr-1

2

Jul-1

2

Oct

-12

Jan-

13

Apr-1

3

Jul-1

3

Oct

-13

Jan-

14

Apr-1

4

Skipjack - frozen cooked loins, single cleaned, Spain/Italy DDP

Yellowfin - frozen cooked loins, double cleaned, Italy DDPUSD/kg

Tuna - Loins

5

and even decreased. For example, the price of Atlantic herring from the Faroe Islands >350 ranged from 57-59 RUB/kg (1.16-1.20 EUR/kg) with a declining price tendency due to lower demand for this size. Atlantic herring >400 (Faroe Islands) reached its peak price in the range of 63-70 RUB/kg (1.29-1.43 EUR/kg) and there are no expectations of a price decline for this size. On the wholesale market in Vladivostok, the price of Pacific herring is stable. In March, Iceland, Norway and the Faroe Islands reached an agreement with the EU and set the total blue whiting quota at 1.2 million tonnes. This is a considerable increase from the 643 000 tonne TAC last year, but the stock is in a good condition and this quota is still well within the latest recommendations from the scientists. The spawning stock biomass has been estimated at 6.7 million tonnes. Furthermore, it was also agreed to set the quota for spring spawning herring in accordance with the ICES recommendations, and the 2014 TAC has consequently been set at 418 487 tonnes.

CEPHALOPODS EU squid imports in 2013 decreased by 5% compared with the previous year and totalled 260 529 tonnes. Spain accounted for 37% of total EU imports (although imports decreased by 17%) and Italy for 32% (with an increase of almost 10%). Major suppliers were Spain, Falkland Islands, China, India and Thailand. South Africa saw its exports to the EU decrease by 34% in 2013. In South Africa, the local squid fishery has closed for April, May and June, to eliminate disturbance of the squid spawning areas, which are inshore. The hope is that the squid will be encouraged to settle without being heavily targeted as soon as they arrive. There is virtually no stock available at the moment and prices are just indicative. The very small quantities being landed included few small, juvenile squid, creating concern for the future. Some observers feel that environmental conditions on the South African south coast appear to have deviated from the historical norm, with higher surface water temperatures and less offshore wind. This is the third year of extremely poor catches, and a potential request to the government to provide support to an industry in distress is being discussed. In 2013 the volume of octopus imported by the European Union increased by 10% compared with 2012 to reach 124 691 tonnes (of which 113 761 tonnes were frozen/dried/salted/in brine, 9 315 tonnes were live/fresh/chilled and 1 615 tonnes were prepared and preserved products). However, in terms of value, imports dropped

7.30

3.004.005.006.007.008.00

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Squid - In Italy, origin: South Africa

Squid - Whole, FAS, size MEUR/kg

2.30

2.80

4.00

1.001.502.002.503.003.504.00

Apr-1

3

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct

-13

Nov

-13

Dec

-13

Jan-

14

Feb-

14

Mar

-14

Apr-1

4

Squid - In Spain, origin: Falkland Islands

Block FAS: 9-12 cm12-1414-16

EUR/kg

6

by almost 24%. Italy accounted for 39% of total EU imports and Spain 35%. Morocco became by far the number one supplier to the EU in 2013 with 41 442 tonnes, corresponding to a remarkable 80% increase over the 2012 figure.

CRUSTACEANS The new Norway lobster season has just started and demand is reported to be good on all markets. More favourable weather conditions have led to better landings of European-caught crustaceans - such as crab and European lobster - and to an easing of prices towards the end of March. Last year, Canadian lobster (Homarus americanus) fishermen were unsatisfied with the low-side prices of the spring season. This year, this situation is not likely to be repeated. Indeed, stocks in Europe are lower compared with 2013 and the North American market for tails is reported to be short of products. Consequently, demand is expected to be high at the beginning of the new season (on 1 May) and prices are estimated by Canadian producers to be higher than last year. On the Atlantic side of Canada, the winter was particularly hard this year and waters are still very cold. Therefore, it is probable that the season will start slowly. From the buyer side, the market is reported to be difficult and demand on the European market remains low as it is an expensive luxury product. In addition, some retail chains, in particular in Germany, continue to refrain from selling lobster because of animal welfare concerns relating the manner in which the lobster is killed. 11.00

13.5016.0018.5021.0023.50

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

< 400 gr/pc

> 400CAN/kg

American Lobster - in Europe, origin: Canada

out of season

15.50

11.50

8.30

2.004.006.008.00

10.0012.0014.0016.0018.00

Apr-

12

Jun-

12

Aug-

12

Oct

-12

Dec

-12

Feb-

13

Apr-

13

Jun-

13

Aug-

13

Oct

-13

Dec

-13

Feb-

14

Apr-

14

5-7 pc/kg

11-15

21-25EUR/kg

Norway Lobster - in Spain, origin: Iceland

2.50

1.001.502.002.503.003.504.004.505.00

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

400-600 - 600-800 kg/pcEUR/kg

Crab (Cancer pagurus), origin: France

22.50

10.00

15.00

20.00

25.00

30.00

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

400-600/600-800 gr/pcEUR/kg

European Lobster, in Europe, origin Ireland

7

Shrimp Vannamei prices have decreased in the last few weeks, both at raw material level and at export level. The market is preparing for some adjustments. On the one hand, supply is expected to increase; harvests in Central America will start in a few weeks, the new season’s crop (expected in the coming months) from Thailand, Malaysia and Viet Nam is anticipated to be improved and Ecuador has reported good growth in ponds. On the other hand, demand is low worldwide. US importers have restricted their sales to the minimum necessary in anticipation of a drop in prices, creating serious concern among sellers during the Boston Seafood Expo. Demand from the European market and the Japanese market also remains weak. In Thailand, the shrimp shortage of previous months has forced some processors to close or to lower their capacity. The Thai New Year (13-15 April) will bring a further decrease in activities, while demand is generally expected to be low. In Argentina, catches of Pleoticus muelleri from provincial waters have begun to decrease. Some vessels have already stopped going to sea and it is foreseen that the entire fleet will soon stop fishing completely. On the other hand, fishing in national jurisdiction waters - where most Argentina red shrimp have been landed in recent years - is not expected to re-open before mid-May. On the European market, prices have increased slightly for those sizes for those stocks that have become scarce. However, in general, prices were stable during the first quarter of this year. This is mainly because stocks presently

15.00

7.09.0

11.013.015.017.0

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Black Tiger - In Europe, origin: Bangladesh

Bangladesh BT, HL16/20, c&fUSD/kg

9.40

3.505.006.508.009.50

11.00

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

40-50 pc/kg

USD/kg

Whiteleg shrimp - Penaeus vannamei Head-on, shell-on, for EMP, origin: Ecuador (fob)

9.90 9.10 7.35

6.00

3.254.255.256.257.258.259.25

10.25

Apr-1

2

Jun-

12

Aug-

12

Oct

-12

Dec

-12

Feb-

13

Apr-1

3

Jun-

13

Aug-

13

Oct

-13

Dec

-13

Feb-

14

Apr-1

4

30-40 pc/lb40-5060-70100-120

EUR/kg

Whiteleg shrimp - Penaeus vannamei Head-on, shell-on, In Spain, origin: Central America

8.30 7.90 7.70 7.30 7.00

3.254.756.257.759.25

10.75

Apr-1

2

Jun-

12

Aug-

12

Oct

-12

Dec

-12

Feb-

13

Apr-1

3

Jun-

13

Aug-

13

Oct

-13

Dec

-13

Feb-

14

Apr-1

4

> 10-20 pc/kg> 20-30> 30-40> 40-60> 60-80

EUR/kg

Argentina Red Shrimp - Pleoticus muelleri Head-on, shell-on, In Spain, origin: Argentina

8

available in Europe are land-frozen products of minor quality and lower price than frozen on-board products. From mid-April, the first quantities of March frozen-at-sea products from provincial waters are expected to reach the European market, although supply is foreseen to be limited. Annual figures show that in 2013 the European Union imported 752 400 tonnes of shrimp (569 850 tonnes in terms of extra-EU trade). This corresponds to a slight decrease of 4% in volume compared with the previous year. However, with an average import unit value of EUR 6.38/kg (EUR 6.00/kg in 2012), total imports increased slightly in value. Ecuador remained the number one supplier to the EU in 2013 with an 11% market share, although the volume of its exports to Europe decreased by 10% compared with 2013 as Ecuador focused on other markets during the shortage period. India consolidated its position as second supplier to the EU with almost a 10% increase of its shrimp exports in volume, just before Greenland and Argentina.

BIVALVES

The French National Institute of Statistics and Economic Studies (INSEE) indicates that in March this year the average consumer price for medium-caliber cupped oyster was at EUR 9.71/dozen, after it crossed the threshold of EUR 10/dozen in February. Since 2008, when juvenile mortality started in France, prices have steadily increased from EUR 6.30/dozen in February 2009 to EUR 10.08/dozen in February this year.

Irish oyster estimates show an increase in production for 2013 with a total volume of 8 500 tonnes compared with 7 500 tonnes in 2012. This is possibly due to more oysters being sold at adult size rather than half grown size. In 2013, the number one oyster exporter in Europe remained France with 8 100 tonnes, followed by Ireland with 5 210 tonnes. On the French market this month, there is a predominance of Irish and Spanish mussels because of a lack of Bouchot and Dutch mussels following the close of the production season. Irish organic mussels are in demand to fill the gap left by lower supplies of Mytilus edulis while waiting for the next season. In 2013, France was the world number one importer of mussels with 52 180 tonnes (-5% on 2012 figures) followed by Italy with 42 150 tonnes, mainly of Dutch and Spanish origin.

9.71

5.006.007.008.009.00

10.0011.00

Mar

-08

Jul-0

8N

ov-0

8M

ar-0

9Ju

l-09

Nov

-09

Mar

-10

Jul-1

0N

ov-1

0M

ar-1

1Ju

l-11

Nov

-11

Mar

-12

Jul-1

2N

ov-1

2M

ar-1

3Ju

l-13

Nov

-13

Mar

-14

Monthly average consumerprices in metropolitan France -Medium-caliber cupped oysters

EUR/dozen

Oyster - Crassostrea gigas, origin: France - Source Insee

4.65

2.002.503.003.504.004.505.005.506.00

Mar

-09

Jul-0

9

Nov

-09

Mar

-10

Jul-1

0

Nov

-10

Mar

-11

Jul-1

1

Nov

-11

Mar

-12

Jul-1

2

Nov

-12

Mar

-13

Jul-1

3

Nov

-13

Mar

-14

Monthly average consumer prices in metropolitan FranceEUR/kg

Bouchot mussel - France Insee

9

SALMON As of early April 2014, export prices of Norwegian salmon had remained uncharacteristically stable for some five weeks, and in mid-April Easter demand appears to be driving prices up once again. Good growing conditions in Norway has seen more plentiful supply in recent weeks, but this is currently being absorbed by the market without having too much of an effect on prices. However, there are reports of consumer resistance to high prices in some key markets such as France. Most analysts now predict some softening of prices in the second half of the year following the seasonal increase in harvest volumes, but a relatively high level is expected to be maintained. Boosted by high prices, Norway's salmon exports in the first quarter of 2014 amounted to NOK 10.7 billion, according to figures from the Norwegian Seafood Council. This represents a growth of 32%, or NOK 2.6 billion, from last year. Exports of salmon to the EU, measured in value, were 31% higher in the first quarter of 2014 compared with the first quarter of 2013, with a 3% increase in volume. Exports to Eastern Europe were 5% higher by value for the same period, despite being 20% down by volume. For the same period, the value of exports to Asia increased by 49% compared with the same period last year, with a 14% increase in volume. In March, Norway exported salmon worth a total of NOK 3.7 billion. This is an increase of NOK 790 million compared with March last year.

TROUT Norwegian exports in the first quarter of 2014 were worth NOK 632 million, setting an all-time record, according to the Norwegian Seafood Council. This 30% higher in value terms than the same period in 2014. The record export value was posted even as volume for the same period fell by 3%, pointing to the extremely high price level being seen in the trout market presently. Exports to Russia, which represents the biggest trout market with a share of close to 50% of total trout exports, dropped by 16% in volume in the first quarter, while exports to Japan, the second-largest market, increased by 54%.

FRESHWATER FISH After following a general downward trend for the past few years, freshwater fish prices have risen steadily over recent months. In some cases the increase has been extreme and very rapid. This trend reversal was expected sooner or later, and some stakeholders are now predicting that prices for certain products will continue to rise and reach levels last seen a few years ago.

5.67

2.02.53.03.54.04.55.05.56.06.5

Mar

-09

Jul-0

9

Nov

-09

Mar

-10

Jul-1

0

Nov

-10

Mar

-11

Jul-1

1

Nov

-11

Mar

-12

Jul-1

2

Nov

-12

Mar

-13

Jul-1

3

Nov

-13

Mar

-14

Salmon - In Europe, origin: Norway

Fresh, gutted, head-on, 3-6 kg/pc

EUR/kg

10

Heavy losses for pangasius farming companies in Viet Nam in the last three years have resulted in a substantial decrease in farming. Previously, pangasius farming had been characterized for years by overproduction and downward pressure on prices, with farmers losing money. Now, the number of farms has dropped considerably, creating a healthier supply-demand balance. However, the present situation is characterized by a shortage of raw material, coupled with continuing overcapacity in the large processing factories, which are still numerous. This shortage in supply, along with solid demand from the USA and Russia, is pushing prices up (more than 10% since January so far this year). Prices are not likely to decrease until the next harvest in June and it is not yet clear whether they will go down at all in the summer. The fact that there are now much fewer small farmers, with production largely owned by the factories, may allow for better control of prices. In 2013, the export value of pangasius from Viet Nam to the EU, the major market, declined by nearly 10% compared with 2012. In China, there is a shortage of tilapia raw material which will last until the next harvest. Prices are reported to be at a record-high level, which is affecting consumption. Due to the cold weather after the Chinese New Year, farmers stocked fry more than a month later than usual this year. Consequently the new tilapia harvest is expected to be delayed this year and is likely to be in July or August. So although prices are extremely high, a significant decrease is not anticipated until mid-summer. Demand for fresh Nile perch fillet remains firm. Catches in Lake Victoria are reported to be very low and factories lack sufficient raw materials for processing. As a result, the availability of frozen fillets is very limited and prices continue to increase, with no sign of a change in the coming months.

There have been no significant price changes for carp in Hungary although the supply of live fish has increased.

SEABASS/SEABREAM/MEAGRE

Early signs in 2014 suggest an improved price situation this year for seabass and seabream producers, as a result of high demand and strong sales of large-sized bream in the first quarter of 2014 decreasing the availability of bream in the market. In March 2014, prices for Greek-produced bass and bream on the Italian market were

2.30 2.35

1.50

2.00

2.50

3.00

3.50

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Fillets - interleaved, 20% glaze,skinless, boneless, belly-off

Fillets - IQF, white, 20%, 1kg poly bagUSD/kg

Pangasius - in Spain, origin: Viet Nam

630

911 1121 1227

400600800

100012001400

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Carp - whole - live

Carp - Fresh, whole, gutted, head-onCarp - Slices, fresh on iceCarp - Fillets, fresh on iceHUF/kg

Carp - Fresh - in Europe, origin: Hungary

11

higher than has been seen since the early 2000s. More stable, stronger prices for bream in the coming months is expected due to decreasing supply. However, the Greek aquaculture sector will take some time to recover from one of its worst ever years, as serious cash flow problems continue and banks push for consolidation in an attempt to recover their loans. As Greek companies struggle with these problems, Turkish companies with better financial capabilities are expected to meet the gap in supply, particularly for 400–600 sized bream as well as for 400–600 and 600–800 sized bass, at least for the near future.

5.20 5.10

3.03.54.04.55.05.56.06.5

Apr-0

9

Aug-

09

Dec

-09

Apr-1

0

Aug-

10

Dec

-10

Apr-1

1

Aug-

11

Dec

-11

Apr-1

2

Aug-

12

Dec

-12

Apr-1

3

Aug-

13

Dec

-13

Apr-1

4

Seabass and Seabream - In Italy, origin: Greece

Seabass fresh whole 300-450 gr/pc

Seabream fresh whole 300-450 gr/pcEUR/kg

7.00

7.00

4.05.06.07.08.09.0

10.0

Apr-1

2

Jun-

12

Aug-

12

Oct

-12

Dec

-12

Feb-

13

Apr-1

3

Jun-

13

Aug-

13

Oct

-13

Dec

-13

Feb-

14

Apr-1

4Meagre - In Italy, origin: Egypt

1000-2000 gr/pc fresh whole

2000-4000

EUR/kg

12

13

Fish Species

Trade Name EUR USD & Area

Cod/Cabillaud, Morue/ Fresh gutted 1.40 1.94 + Poland FOB Baltic SeaBacalao IQF portion, single frozen 100-150 gr/pc 5.90 8.19 = Italy CIF IcelandGadus morhua Fresh - fillet 100-200 gr/pc 4.78 6.64 - CPT Denmark

200-400 5.73 7.96 -Fresh - Whole 1-2 kg/pc 4.58 6.36 -

2-4 3.23 4.49 -Fillet - IQF - light salted 2.09 2.90 = Spain CFR Chinadouble frozen, 20% glazeFillet 4-8 oz 4.20 5.83 + FOB Russia

4-8 oz 4.60 6.39 = CIF Spain 8-16 4.60 6.39 = (origin: Barent16-32 4.60 6.39 + Sea)

H&G 1-3 kg/pc 2.40 3.33 + FOB RussiaFillet - wet salted - 1st quality 700-1000 gr/pc 7.30 10.14 - Italy DDP Icelandproduced from fresh raw materialStockfish 700 gr/pc 15.00 20.83 - Norway

Gadus macrocephalus Fillet - wet salted - 1st quality 400-700 gr/pc 6.65 9.24 = CIP Denmarkproduced from frozen raw material

Hake/Merlu/Merluza Minced block 1.58 2.19 = Namibia FOB NamibiaMerluccius capensis for Spanish market

Fillet - skin-on, plate, 2-4 oz/pc 3.75 5.21 = Spain DDPlandfrozen 4-6 4.20 5.83 =

6-8 4.35 6.04 =8-12 4.50 6.25 =

IQF portion, trapeze 90-110 gr/pc 5.50 7.64 = Italy CIFMerluccius productus Fillet, PBO 2.27 3.15 - Spain CIF USA

Minced block 1.33 1.85 =Hoki - Grenadier/ Fillet block 2.49 3.45 = New ZealandGrenadier/MerluzaMacruronus novaezelandiaeAlaska pollack/Lieu Fillet (for baby food) Europe DAP USAde l'Alaska/Colínde AlaskaTheragra chalcogrammaSurimi (Alaska pollack) Stick - Paprika 250 gr/pc 2.42 3.36 + France CFR SpainSaithe/Lieu noir/ Minced A Europe DDP NorwayCarbonero (Pollock, Coley) (for baby food)Pollachius virens Fillet - skinless, PBI, interleaved 16-35 oz 4.10 5.69 + Spain DDP IcelandMonkfish/Baudroie/ Fresh - Tail 0.3-0.5 kg/pc 9.60 13.33 - Italy CPT UKRape 0.5-1 10.41 14.46 -Lophius spp. 1-2 10.76 14.94 -

> 2 11.04 15.33 -Fresh - whole 0.5-1 kg/pc 4.92 6.83 - FCA France

1-2 4.90 6.81 -Tails, skin-off, IWP 100-250 gr/pc 5.75 7.99 = Spain DDP Namibia

250-500 6.75 9.37 =500-1000 8.00 11.11 => 1000 8.75 12.15 =

Haddock/Eglefin/Eglofino H&G < 0.8 kg/pc NOK 21.00 2.55 3.54 - Sweden FCA NorwayMelanogrammusaeglefinusLing/Lingue franche/ Fillet - wet salted 1-1.5 kg/pc 4.70 6.53 - Italy DDP Faeroe IslandsMaruca Produced from fresh raw materialMolva molva high quality

April 2014

OriginAs stated

Reference

No quotations

No quotations

GROUNDFISH

Price per kgProduct Form Grading

14

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Turbot/Rodaballo Fresh - whole 0.5-1 kg/pc 6.20 8.61 - Spain CIF Spain Psetta maxima cultured 1-2 6.60 9.17 -

2-3 8.20 11.39 -3-4 11.40 15.83 -

Fresh - whole 0.5-1 kg/pc 12.60 17.50 + Netherlandswild 1-2 14.90 20.69 +

2-3 15.90 22.08 +3-4 19.20 26.67 +4-6 19.70 27.36 +> 6 21.70 30.14 +

Fresh - whole 0.8-1 kg/pc 6.50 9.03 - Italy FCA Spain1.5-2 7.10 9.86 -1-1.5 6.60 9.17 -2-2.5 8.70 12.08 -0.5-1 kg/pc 10.80 15.00 + Netherlands0.7-1 11.69 16.24 +1-2 14.14 19.64 +> 3 13.45 18.68 +

Sole/Sole/ Fresh - whole < 170 gr/pc 8.00 11.11 - Spain CIFLenguado wild 160-220 9.60 13.33 +Solea vulgaris 210-300 10.20 14.17 +

300-400 10.80 15.00 =400-600 13.00 18.05 -600-800 14.50 20.14 -800-1000 12.90 17.92 -

Fresh - whole No. 1 3.80 5.28 -No. 2 3.70 5.14 +No. 3 3.50 4.86 +No. 4 3.20 4.44

Fresh - whole No. 3 na Italy CIFNo. 4 na

Fresh - gutted No. 2 11.97 16.62 - FCANo. 3 7.86 10.92 -No. 4 6.88 9.56 -No. 5 6.89 9.57 -

European plaice/ Fresh - whole 150-300 gr/pc Spain CIFPlie d'Europe/ 300-400Solla europea 400-600Pleuronectes platessa IQF, white skin-on, 25% glaze No. 2 3.90 5.42 = Netherlands FOB

IQF skin-off, 25% glaze 4.30 5.97 + for Italian marketEuropean Flounder/ Fresh - whole 1.61 2.24 + Italy CPT DenmarkFlet d'Europe/Platija europeaPlatichthys flesus Fillet CIF Netherlands

Fresh - whole 1.94 2.69 + FCA

Tuna/Thon/Atún Skipjack - whole main size 0.83 1.15 - Bangkok CFR Western/CentralThunnus spp. Pacific Ocean

Skipjack - whole 0.83 1.15 - Ecuador Eastern TropicalYellowfin - whole 1.66 2.30 - ex-vessel Pacific OceanSkipjack - whole main size 0.75 1.04 - Seychelles Indian OceanYellowfin - whole 1.80 2.50 = FOBSkipjack - whole 0.93 1.29 - Abidjan Atlantic OceanYellowfin - whole > 10 kg 1.90 2.64 - ex-vessel

April 2014

April 2014

No quotations

na

TUNAS/BILLFISHES

FLATFISH

15

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Tuna/Thon/Atún Skipjack - whole 1.8-3.4 kg/pc 0.90 1.25 = Spanish Various originsThunnus spp. Yellowfin - whole > 10 kg 2.15 2.99 + Canneries CFR

Skipjack - cooked & cleaned single cleaned 4.54 6.30 - Italy DDP Solomon Islandsloins - vacuum packedYellowfin - cooked & cleaned double cleaned 5.91 8.20 = Ghana/Mauri-loins - vacuum packed tius/Solomon Is.Yellowfin - whole > 10 kg/pc na Spain CIF Eastern PacificBigeye - whole > 10 kg 1.80 2.50 DAT Indian OceanSkipjack - whole > 1.8 kg/pc 1.00 1.39 Atlantic OceanYellowfin - whole 3-10 kg/pc 1.50 2.08 DAT

> 10 2.10 2.92Yellowfin - loins 5.40 7.50 CIF Eastern PacificSkipjack - loins 4.20 5.83 OceanSkipjack - pre-cooked loins 3.60 5.00 Ecuador FOB EcuadorYellowfin - pre-cooked loins single cleaning 4.11 5.70 (for European mkt)

double cleaning 4.54 6.30Skipjack - whole, raw material 1.9-3.4 kg/pc 1.01 1.40 -

3.5-5 1.04 1.45 -Skipjack - canned 170 gr net weight 26.29 36.50 +chunks in brine 120 gr drained weight

Skipjack - canned 185 gr net weight 28.31 39.30chunks in brine 130 gr drained weight

Skipjack - canned 170 gr net weight 25.21 35.00 -shredded in soyabean oil 120 gr drained weight

Skipjack - canned 185 gr net weight 26.65 37.00 -shredded in soyabean oil 130 gr drained weight

Skipjack - canned 170 gr net weight 16.93 23.50shredded in soyabean oil 120 gr drained weight

Skipjack - canned 195 gr net weight 32.42 45.00 - Germany CFRsolid pack in brine 150 gr drained weight

Swordfish/Espadon/ Seafrozen 30-50 kg/pc 5.00 6.94 Spain FOT SpainPez espada 50-70 5.10 7.08Xiphias gladius

Mackerel/Maquereau/ Fresh - whole 1.38 1.92 - Italy FCA SpainCaballa Whole 200-400 gr/pc na Netherlands FOB UKScomber scombrus 300-500 1.50 2.08 = for Eastern EuropeHerring/Hareng/Arenque Fresh - fillet 2.46 3.42 - Italy CPT DenmarkClupeidae Fresh - whole 70-100 gr/pc 0.29 0.40 - Poland FOB BalticSprat/Sprat/Espadín 0.28 0.39 -Sprattus sprattusSardine/Sardine/ Fresh - whole 0.91 1.26 - Italy CPT CroatiaSardina 1.54 2.14 + FCA SpainSardina pilchardus

CEPHALOPODSSquid/Encornet/Calamar Frozen - whole S (< 18 cm) 7.20 10.00 + Italy CIF South AfricaLoligo spp. M (18-25) 7.30 10.14 +

L (25-30) 7.50 10.42 +XL (>30) 7.50 10.42 +

Block FAS 9-12 cm 2.30 3.19 + Spain CIF Falkland Islands12-14 2.80 3.89 + (Malvinas)14-16 4.00 5.56 +

April 2014

April 2014

April 2014

SMALL PELAGICS

TUNAS/BILLFISHES (Cont.)

16

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

CEPHALOPODSSquid/Encornet/Calamar Whole cleaned IQF < 5 3.17 4.40 - Germany CFR IndiaLoligo duvaucelli 10% glaze < 10 3.03 4.20 +

10-20 2.81 3.90 +Todarodes pacificus cleaned tubes < 5 1.62 2.25 * China

20% glaze < 10 1.51 2.10 *Dosidicus gigas Fillet - clean, pack in block A Europe CFR Peru

and bulk bag ChileTentacles - bailarina cut, pack A Peruin block and bulk bagRaw wings - skin-on, pack Ain block and bulk bag Chile

Octopus/Poulpe/Pulpo Whole T1 9.50 13.19 = Spain DDP MoroccoOctopus vulgaris T2 9.00 12.50 =

T3 8.50 11.81 =T4 8.00 11.11 =T5 7.50 10.42 =T6 7.00 9.72 =T7 6.50 9.03 =T8 6.00 8.33 =T9 5.50 7.64 =

Whole - FAS, no glaze T1 8.40 11.67 * Morocco FOBT2 7.93 11.01 + for Spanish mktT3 6.98 9.69 +T4 6.73 9.35 +T5 6.53 9.07 +

Sushi slice 7 gr/pc 10.34 14.35 = Europe CFR Indonesia100% net weight 9 10.34 14.35 =Boiled cut 5.19 7.20 +Flower type 1-2 gr/pc 2.52 3.50 +90% net weight > 2 2.81 3.90 +

Cuttlefish/Seiche/ Whole, cleaned, IQF < 5 3.49 4.85 * Germany CFR IndiaSepia 20% glaze < 10 3.13 4.35 *Sepia spp. 11-20 2.81 3.90 *

CRUSTACEANSWhiteleg shrimp/ PD, chemical treatment 31-40 pc/lb 9.94 13.80 - Europe CFR IndonesiaCrevette pattes 100% net weight 41-50 9.80 13.60 -blanches/Camarón treated with non-phosphate 51-60 9.29 12.90 -patiblanco 61-70 8.43 11.70 -Penaeus vannamei 71-90 7.92 11.00 +

91-120 7.49 10.40 +Head-on, shell-on 30-40 pc/kg 9.90 13.75 - Central

40-50 9.10 12.64 - America50-60 8.10 11.25 -60-70 7.35 10.21 -70-80 6.85 9.51 -80-100 6.60 9.17 -100-120 6.00 8.33 -

Head-on, shell-on 30-40 pc/kg 7.64 10.60 - South/Central Ecuador40-50 6.77 9.40 - America FOB50-60 6.16 8.55 - for European main60-70 5.91 8.20 = ports70-80 5.62 7.80 -

No quotations

April 2014

April 2014

17

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Whiteleg shrimp/ Headless, shell-on 21-25 10.63 14.75 * Germany CFR IndiaCrevette pattes 100% net weight 26-30 9.22 12.80 *blanches/Camarón 31-35 8.86 12.30 *patiblanco 36-40 8.50 11.80 *Penaeus vannamei 41-50 7.78 10.80 *

51-60 7.06 9.80 *61-70 6.34 8.80 *

Argentine red shrimp/ Head-on, shell-on > 10-20 pc/kg 8.30 11.53 = Spain EXW ArgentinaSalicoque rouge/ > 20-30 7.90 10.97 +d'Argentine/Camarón > 30-40 7.70 10.69 +langostín argentino > 40-60 7.30 10.14 +Pleoticus muelleri > 60-80 7.00 9.72 +

FAS 10-20 8.20 11.39 + CIF20-30 7.50 10.42 -30-40 7.30 10.14 =40-60 6.70 9.31 =

Black tiger/Crevette Head-on, shell-on < 10 18.08 25.10 Europe CFR Viet Namtigrée/Camarón tigre 100% net weight < 12 17.50 24.30Penaeus monodon < 15 14.91 20.70

Head-on, shell-on 6-8 kg/pc 10.16 14.10 Bangladesh25% glaze 8-12 9.29 12.90

13-15 8.72 12.1016-20 7.64 10.6021-30 6.84 9.5031-40 6.16 8.55

Headless 16-20 10.81 15.00 =20% glaze, IQF 21-25 10.08 14.00 =

26-30 9.22 12.80 =31-40 8.64 12.00 =41-50 8.00 11.1051-80 7.42 10.30

Norway lobster/ Fresh - Whole 21-30 pc/kg 11.70 16.25 + Spain DDP NetherlandsLangoustine/Cigala 4X1.5 kg 16-20 13.70 19.03 +Nephrops norvegicus 10-15 16.20 22.50 -

8-12 19.70 27.36 +6-9 22.20 30.83 -4-7 27.20 37.78 -3-5 29.70 41.25 *> 40 pc/kg Scotland31-4021-3016-2010-156-10

Whole 00 11.85 16.46 = CIF0 10.20 14.17 =1 9.15 12.71 =2 8.15 11.32 =3 7.15 9.93 =4 5.85 8.12 =5 5.15 7.15 =

No quotations

CRUSTACEANS (Cont.) April 2014

18

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Norway lobster/ Whole 1-4 pc/kg 19.50 27.08 * Spain DDP IcelandLangoustine/Cigala 5-7 15.50 21.53 *Nephrops norvegicus 8-10 13.50 18.75 *(cont.) 11-15 11.50 15.97 *

16-20 9.30 12.92 *21-25 8.30 11.53 *26-35 7.30 10.14 *

European lobster/ Live - bulk 400-600 gr/pc 22.50 31.25 - France delivered IrelandHomard européen/ 600-800 22.50 31.25 - to French vivierBogavante companiesHomarus gammarusAmerican lobster/ Frozen whole cooked Europe CIF CanadaHomard américain/ popsicle (canners) < 450 gr/pcBogavante americano (markets) > 400Homarus americanus 300 gr/pc France DDPEdible crab/Tourteau/ Live 400-600 gr/pc 2.50 3.47 - Delivered IrelandBuey de mar 600-800 2.50 3.47 - live to FrenchCancer pagurus vivier companies

BIVALVESOyster/Huître/Ostra Live No. 3 5.00 6.94 = France prod. price Ireland/FranceCrassostrea gigasMussel/Moule/Mejillón Live - Bottom mussel 2.20 3.06 = wholesale FranceMytilus edulis 1.90 2.64 = NetherlandsMytilus galloprovincialis Live - Rope 60-80 pc/kg 2.00 2.78 = France wholesale SpainMytilus chilensis IQF - shell-off, 7% glaze 200-300 pc/kg 3.95 5.49 + Italy CIF ChileScallop/Coquille Saint- meat, roe-on, IQF, 100% 30-40 gr/pc na Peru FOB PeruJacques/Vieira net weight, 10 kg bag (for EU market)Argopecten purpuratusRazor shell/Couteau/ IQF 10-12 cm 3.55 4.93 + Spain CIF NetherlandsNavajas - Solenidae

SALMONAtlantic salmon/ Fresh - gutted, head-on 2-3 kg/pc 5.80 8.06 France DDP ScotlandSaumon de l'Atlantique/ Superior quality 5-6 6.30 8.75Salmón del Atlántico > 6 6.30 8.75Salmo salar Fresh - gutted, head-on 2-3 kg/pc 5.20 7.22 Norway

Superior quality 3-4 5.70 7.924-5 5.70 7.925-6 5.60 7.78> 6 5.60 7.78

Fresh - head-on, gutted 1-2 kg/pc Romania/Bulgaria4-5 DDP6-7 for Eastern Europe

Fresh - Whole - Ordinary 2-3 kg/pc 4.50 6.25 - Italy FCA3-4 5.04 7.00 -4-5 5.05 7.01 -5-6 5.05 7.01 -

Fresh - Whole - Superior 2-3 kg/pc 4.68 6.50 -3-4 5.28 7.33 -4-5 5.29 7.35 -5-6 5.26 7.31 -

IQF portion 100-150 gr/pc 11.10 15.42 + CIF DenmarkFillet Trim C, IQF, VP na Europe CIF ChileScrapped meat na

Out of season

April 2014

April 2014

No quotations

April 2014 CRUSTACEANS (Cont.)

19

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

TROUTTrout/Truite/Trucha Whole, gutted, fresh on ice 0.25-0.4 kg/pc HUF 1332 4.34 6.03 + Hungary ex-farm HungarySalmo spp. Fillet - farmed 200-400 gr/pc 7.30 10.14 + Italy ex-farm Italy

Live - farmed 500-700 gr/pc 3.10 4.31 =Rainbow trout/ Live - farmed 250-400 gr/pc 2.90 4.03 =Truite arc-en-ciel/ Gutted 4.10 5.69 =Trucha arco irisOncorhynchus mykiss

North African catfish/ Fresh - whole, gutted, head-on 0.7-1.6 kg/pc HUF 701 2.29 3.18 * Hungary HungaryPoisson-chat nord- Fresh head-off 0.5-1.2 kg/pc HUF 978 3.19 4.43 * EX-FARMafricain/Pez-gato Fresh on ice - fillets, skinless HUF 1262 4.12 5.72 +Clarias gariepinus Fresh on ice - slices HUF 1051 3.43 4.76 *Carp/Carpe/Carpa Live 1.2-5 kg/pc HUF 630 2.05 2.85 +Cyprinus spp. Fresh, whole, gutted, head-on 0.8-4.5 kg/pc HUF 911 2.97 4.13 +

Fresh, whole, gutted, head-off 0.7-4.5 kg/pc HUF 1023 3.34 4.63 +Fresh on ice - slices HUF 1121 3.66 5.08 +Fresh on ice - fillets HUF 1227 4.00 5.56 +

Bighead carp/Carpe à Fresh gutted, head-off 0.8-3.5 kg/pc HUF 560 1.83 2.54 +grosse tête/Carpa Fresh on ice - slices HUF 630 2.05 2.85 =capezona Fresh on ice - fillets HUF 663 2.16 3.00 -Aristichthys nobilis Live 1-5.5 kg/pc HUF 350 1.14 1.59 *Nile perch/Perche du Fillet 300-500 gr/pc 5.35 7.43 + Spain DDP Uganda/Nil/Perca del Nilo 500-1000 5.35 7.43 = TanzaniaLates niloticus 500-1000 gr/pc 4.47 6.20 EU CFR

Fillet - skinless, PBI, IWP 500-1000 gr/pc 4.79 6.65 + Spain CFR TanzaniaNile Tialpia/Tilapia du Fillet - skinless, IQF, PBO 5-7 oz 3.71 5.15 = ChinaNil/Tilapia del Nilo non-treated, 10% glazeOreochromis niloticus Gutted and scaled 300-500 gr/pc 1.49 2.07 Europe CFR

10% glaze, IWP 500-800 1.72 2.39> 800 1.77 2.46

Panga Fillet - thawed 3.03 4.21 - Italy CPT Viet NamPangasius spp. Fillet, IQF, white - 20% glaze 120-170-220 1.69 2.35 + Spain CFR

Fillet, interleaved, white - 20% gr/pc 1.66 2.30 +glaze, skinless, boneless, belly-off, treatedFillet - skinless, white, PBO, 1.69 2.35 *belly-off, interleaved, 20% glazetreated

Sturgeon/Esturgeon/ Frozen - Whole 1.5-2 kg/pc 6.00 8.33 France CIF FranceEsturione Gutted 5-7 kg/pc 6.00 8.33Acipenseridae Fillets 200-300 gr/pc 11.00 15.28

800-1000 11.00 15.28A.baeri Caviar (Aquitaine) metal boxes 1 500 2 083

April 2014

NON-TRADITIONAL SPECIES

FRESHWATER FISH April 2014

April 2014

20

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Seabass/Bar, Fresh - whole 200-300 gr/pc 4.15 5.76 = Greece FOB GreeceLoup/Lubina farmed 300-450 4.90 6.81 =Dicentrarchus labrax 400-600 5.30 7.36 =

600-800 6.75 9.37 =800-1000 8.75 12.15 => 1000 9.75 13.54 =

200-300 gr/pc 4.35 6.04 = Italy CIF

300-450 5.10 7.08 =450-600 5.50 7.64 =600-800 6.95 9.65 =800-1000 8.95 12.43 => 1000 9.95 13.82 =200-300 gr/pc 4.40 6.11 = France CIF300-450 5.15 7.15 =450-600 5.55 7.71 =600-800 7.00 9.72 =800-1000 9.00 12.50 => 1000 10.00 13.89 =200-300 gr/pc 4.39 6.10 = Spain CIF300-450 5.14 7.14 =450-600 5.54 7.69 =600-800 6.99 9.71 =800-1000 8.99 12.49 => 1000 9.99 13.87 =200-300 gr/pc 4.42 6.14 = Germany CIF300-450 5.17 7.18 =450-600 5.57 7.74 =600-800 7.02 9.75 =800-1000 9.02 12.53 => 1000 10.02 13.92 =200-300 gr/pc 4.40 6.11 = Portugal CIF300-450 5.15 7.15 =450-600 5.55 7.71 =600-800 7.00 9.72 =800-1000 9.00 12.50 =

> 1000 10.00 13.89 =

200-300 gr/pc 4.58 6.36 = UK CIF300-450 5.33 7.40 =450-600 5.73 7.96 =600-800 7.18 9.97 =800-1000 9.18 12.75 =

> 1000 10.18 14.14 =

Fresh - whole 200-300 gr/pc 4.10 5.69 + Greece EXWfarmed 300-400 4.90 6.81 = for Eastern Europe

400-600 5.60 7.78 +600-800 6.70 9.31 =800-1000 11.60 16.11 => 1000 12.60 17.50 =

Fresh - whole - wild 600-800 10.00 13.89 - Italy CPT EgyptMediterranean 800-1000 10.00 13.89 -

1000-2000 10.91 15.15 +> 2000 11.10 15.42 -

SEABASS/SEABREAM/MEAGRE April 2014

21

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Gilthead seabream/ Fresh - whole 200-300 gr/pc 4.55 6.32 = Greece FOB GreeceDorade royale/Dorada farmed 300-450 5.00 6.94 =Sparus aurata 450-600 5.00 6.94 =

600-800 5.45 7.57 =800-1000 7.20 10.00 =

> 1000 8.05 11.18 =

200-300 gr/pc 4.75 6.60 = Italy CIF300-450 5.20 7.22 =450-600 5.20 7.22 =600-800 5.65 7.85 =800-1000 7.40 10.28 => 1000 8.25 11.46 =200-300 gr/pc 4.80 6.67 = France CIF300-450 5.25 7.29 =450-600 5.25 7.29 =600-800 5.70 7.92 =800-1000 7.45 10.35 =

> 1000 8.30 11.53 =

200-300 gr/pc 4.79 6.65 = Spain CIF300-450 5.24 7.28 =450-600 5.24 7.28 =600-800 5.69 7.90 =800-1000 7.44 10.33 => 1000 8.29 11.51 =200-300 gr/pc 4.82 6.69 = Germany CIF300-450 5.27 7.32 =450-600 5.27 7.32 =600-800 5.72 7.94 =800-1000 7.47 10.37 => 1000 8.32 11.56 =200-300 gr/pc 4.80 6.67 = Portugal CIF300-450 5.25 7.29 =450-600 5.25 7.29 =600-800 5.70 7.92 =800-1000 7.45 10.35 =

> 1000 8.30 11.53 =

200-300 gr/pc 4.98 6.92 = UK CIF300-450 5.43 7.54 =450-600 5.43 7.54 =600-800 5.88 8.17 =800-1000 7.63 10.60 =

> 1000 8.48 11.78 =

200-300 gr/pc 5.00 6.94 = Greece EXW300-400 5.00 6.94 = for Eastern Europe400-600 5.00 6.94 =600-800 5.30 7.36 =800-1000 7.20 10.00 => 1000 na

Fresh - whole - wild 800-1000 gr/pc 13.32 18.50 + Italy FCA MoroccoAtlantic 1000-2000 13.74 19.08 -

> 2000 13.03 18.10 -

SEABASS/SEABREAM/MEAGRE (cont.) April 2014

22

Fish Species

Trade Name EUR USD & AreaOrigin

As stated

ReferencePrice per kgProduct Form Grading

Gilthead seabream/ Fresh - whole 600-800 gr/pc 10.00 13.89 = Italy CPT EgyptDorade royale/Dorada farmed 800-1000 10.00 13.89 +Sparus aurata 1000-2000 10.00 13.89 =Meagre/Maigre Fresh - Whole - wild 800-1000 gr/pc 7.00 9.72 +commun/Corvina 1000-2000 7.00 9.72 =Argyrosomus regius 2000-4000 7.00 9.72 -

5000-10000 7.50 10.42 *farmed 800-1000 gr/pc 5.00 6.94 - FCA Greece

1000-1200 5.00 6.94 -> 2000 5.00 6.94 -1000-2000 gr/pc 6.00 8.33 = CIF> 2000 7.50 10.42 => 3000 8.50 11.81 *

SEABASS/SEABREAM/MEAGRE (cont.) April 2014

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PRICE REFERENCE (INCOTERMS 2010) EXW ex works FCA free carrier FAS free alongside ship FOB free on board CFR cost and freight CIF cost, insurance and freight CPT carriage paid to CIP carriage and insurance paid to DDP delivered duty paid DAT (new) delivered at terminal DAP (new) delivered at place (DAF, DES, DEQ and DDU have been cancelled) PRODUCT FORM IQF individually quick frozen IWP individually wrapped pack PBI pinbone in PBO pinbone off C&P cooked and peeled H&G headed and gutted FAS PD

frozen at sea peeled and deveined

PUD peeled, undeveined

SYMBOLS

Price increased in original currency since last report

- Price decreased in original currency since last report

= Updated but unchanged price * New insertion Not updated since last issue

CURRENCY RATES USD EUR Canada CAD 1.10 1.52 Hungary HUF 220.78 306.61 Norway NOK 5.93 8.24 USA USD 1.39 EU EUR 0.72 Denmark DKK 5.38 7.47

Exchange Rates: 11/04/14

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