Seabass and seabream - markets stable with untapped potential

EU - The European market for seabass and seabream is growing at a steady pace, but is its full potential is being stifled because producers can’t offer value added seabass and seabream products at a competitive price, says a new report.

In its July analysis on different sectors of the seafood industry the Food and Agriculture (FAO) unit Globefish said that sustained demand from traditional markets in Southern Europe was increasing and a slight fall in supply has driven up the average import prices.

The overall seabream and seabass market has a positive outlook, with stable import volumes and a forecast of price decreases. Since 2003, seabream and seabass prices have continually hit their highs in July and reached their lower levels during January, Globefish reports.

The traditional consumers of seabass and seabream in France, Spain and Italy continue to be the largest importers because their national production is insufficient to meet demand. This has led to a larger reliance on Greece and Turkey, who have emerged as the leading producers.

The development of farm production in Greece has cemented the country’s position as Europe’s leading supplier of seabass and seabream, followed by Turkey.

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SOurce: Food Production Daily

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