ANALYSIS: Constrained Supply in Spanish Octopus Drives Rapid Price Increases in the U.S. Market
At the start of 2024, Spanish octopus prices were slightly higher than they are currently. A surge in imports, coupled with weakening demand in the spring, contributed to a downward trend in prices. In January and February, year-over-year (YOY) imports spiked by 105%, but by mid-year, imports slowed, though they remained higher than the previous year. By July, the YOY increase had settled at 7.5%...
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