ANALYSIS: Spanish Octopus Prices on the Rise Despite Foodservice Fallout
While octopus is largely an out-of-home dining experience here in the U.S., the opposite is true for European and Asian consumers, so much so, that raw material prices for Spanish octopus strengthened throughout the pandemic while the U.S. market was largely frozen-in-place.
In looking at the latest imports through November 2020, year-to-date figures fall 39.2 percent below the previous 3-year average for the same timeframe. Importers were cautious in the amount of product they brought into the country after...
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