ANALYSIS: Spanish Octopus Market Unsettled
Pulpo from all major origins, including Spain, Indonesia, and the Philippines have been boasting record highs for most of 2021, noting steady yet firm prices from Q4 2021 into Q1 2022.
Spanish octopus, which sells at a premium to product from Indonesia and the Philippines has collected pricing both above and below the current published quotations reported on January 18, 2022.
Inventories accumulated throughout 2021, when raw material supply into the market was barely adequate in keeping up with an active demand, are higher valued than supply currently entering the marketplace...
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