ANALYSIS: Octopus Prices Firm Amid Supply Issues
Up until now, it has only been the Spanish octopus market that has been able to firm and even strengthen during the pandemic due to continued demand from the European markets. Unlike the United States, where octopus is largely an out-of-home dining experience, European consumers regularly cook and enjoy the species at home. Retail sales throughout Europe were enough to support elevated raw material costs to the United States despite demand from the foodservice and restaurant sectors coming to a halt in the U.S. in 2020...
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