We’re your local fishmonger. We’ve got more branches across the UK than anyone else. We can get you the best of the daily catch. Fast, fresh and cut the way you want it. No matter where you are.
OCTOBER AT A GLANCE:
CURRENCY: The Pound has reached its lowest level in five years against the Euro in August. This is mostly due to a combination of Brexit concerns and economic performance. The rate has improved slightly since and is currently quoted at around €1.11. A similar picture against Kroner, Sterling dropped to 10.00 NOK in August but has recovered a little to 10.40 NOK. The Dollar continues to be on a downward trend against most major currencies due to continued political and economic risks. The Pound is now trading at just over $1.32 against the USD. (as of 13th September 2017)
- Year on year volume increased during July & August 2017 compared to 2016, resulting in a drop in overall prices compared to the same period last year.
- Despite this, a strong Norwegian Kroner vs. a weak Sterling has lead purchase prices to remain high for the UK market.
- Prices traditionally rise as we approach Christmas due to high demand. Although the availability is expected to be stable, we are likely to see a steady rise throughout the next 3 months with prices peaking mid to end of December.
- Latest reports also indicate Salmon prices are likely to be high during Q1 and Q2 of 2018. Due to ongoing sea lice problems, farmers are currently harvesting large numbers of 1-4kg fish meaning we may face bio mass shortages, which in turn will drive prices up next year.
FRESH FARMED SEA BASS & GILT HEAD BREAM
- We are expecting steady availability and pricing on both Sea Bass and Bream as the seasons are now in full swing.
- Exchange rate fluctuations may affect prices of both in the next few months.
FRESH COD & HADDOCK
- Both species will remain difficult while Norway boats are still not fishing to full capacity due to new quota periods and bad weather at sea, typical for this time of year.
- We are expecting for this to change around the middle of October, which should see prices and availability improving.
- Until then, we will be mostly relying on Iceland for both Cod and Haddock.
FRESH TUNA & SWORDFISH
- As we come out of the monsoon season, prices are expected to ease and availability of the Indian Yellowfin Tuna is likely to be steady throughout October and November. We will be also sourcing from the Seychelles and Sri Lanka.
- We are expecting to see strong availability and good prices on Swordfish in the next 2 months from India, Sri Lanka and the Seychelles.
OTHER FRESH FISH & SEAFOOD
- Seasonal price rises are expected on the following species as we start to hit poorer weather going into autumn: line-caught Sea Bass, Scallops, Native Lobster, wild Turbot, Gurnard, Squid, Herring, Octopus, line-caught Pollack, Whiting, Red Mullet.
- Flounder, Grey Mullet – both species are coming towards the end of their season.
- Sea Reared Trout – prices have improved due to better availability.
- Langoustines – recent lack of landings is putting pressure on prices, there are no expectations for catches to improve significantly as we go into the unpredictable autumn weather.
- Plaice – we are approaching the spawning season, prices will remain high until March.
FROZEN COLDWATER PRAWNS
- Raw material prices have increased significantly over recent weeks driven by all time low landings in Norway, a lack of large raw material and the reduction in the Canadian quota.
- Many processors are concentrating on fulfilling current contracts as the short to medium term view suggests that prices will continue to rise.
FROZEN WARMWATER PRAWNS
- Prices have risen over the last 18 months driven by a lack of raw material and the impact of the ongoing weakness of the Pound Sterling.
- Increased testing requirements due to antibiotic residues on Indian Prawn packers have raised costs of importing to EU, resulting in reduced supply from India and upward price pressure from other origins.
- There is a risk that after an EU audit in November, Prawn imports from India could be completely banned.
CHILLED BLUE SWIMMING CRAB
- Blue Swimming Crab prices remain high as supplies from both Indonesia and China have been lower than anticipated at a time when supply should have been strong.
- Low inventories in the US have meant increased price pressure at source as buyers bid up prices.
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.