Salmon – The market remains firm as winter sets in. Colder water temperatures are slowing growth rates and increasing quality challenges, which in turn limit the supply of larger, premium-size fish. This continues to put pressure across fresh, frozen and smoked salmon. Pricing remained high throughout December as seasonal demand peaked.

Shellfish – Warm-water prawns remain relatively stable, supported by improved farm output, though labour and freight costs are keeping prices from falling. Crab and lobster remain expensive compared with earlier in the year, as weather disruption and strong export demand affect availability, particularly for live product. To manage volatility and maintain menu continuity, we are recommending that operators increase their volumes of processed and frozen formats.

Whitefish – Cod remains under significant pressure, with prices still at multi-year highs. Ongoing quota cuts and tight supply means little relief is expected in the short-term. Haddock, as a natural substitute, has also seen prices rise as demand shifts away from cod.

Europe – Growers are currently facing challenging conditions as rain and freezing temperatures disrupt harvesting.

Spain – Persistent rain and cold weather continue to affect crop cycles and quality.

UK – A severe cold snap is impacting production, though conditions should improve soon.

North Africa – Morocco is seeing lower-than-expected temperatures, adding pressure to supply.

Beef – December saw beef prices dip slightly, driven by sluggish market demand. Overall demand remains stable, but consumers are shifting towards cheaper cuts.

Chicken – Widespread shortages due to Avian Influenza (AI) throughout 2025 have led poultry farmers to increase the number of chickens sent for slaughter. Supply bounced back in December, although caution is still advised, as AI outbreaks are more common during winter months.

Turkey – December saw demand surge over the festive period. Ongoing AI outbreaks in the UK and Europe have reduced flocks and prompted culls, limiting availability. Suppliers are reluctant to commit to fixed prices or volumes this season, pushing prices around 30% higher than this time last year.

Mushy Peas – Harvests have improved this summer in several key growing regions, particularly in North America, for dried marrow fat peas, the main ingredient in mushy peas. As a result, prices have softened, making them an attractive side option for fish & chips.

Quinoa – The market has firmed in recent months as demand has exceeded supply. Exports are up 12% year-on-year. With no leftover stock from 2024, prices started to rise towards the end of the season. The 2025 crop is expected to be 7% smaller than needed to meet demand.

Canned Pulses – Better harvests in summer 2025 in key growing regions, including the US and Canada, have improved availability for chickpeas and red kidney beans. As a result, chefs are increasingly being encouraged to include pulses in recipes as a plant-based source of protein.