Undercurrent News is committed to delivering accurate, timely, and transparent wholesale price assessments for the global cephalopod market. These assessments aim to reflect current market dynamics and provide clarity for buyers, sellers, traders, and others across the supply chain.
All assessments listed here follow the IOSCO-aligned Undercurrent News Price Reporting Methodology, which provides transparency and clarity on data collection, pricing criteria, and assessment processes.
Our methodologies are updated periodically to reflect the latest market standards and practices. When changes are made, subscribers will be informed through our regular publications and communications. Our market reporting team can address questions or provide additional guidance on methodology details or assessment-related inquiries. They can be contacted at [email protected].
Cephalopod price assessments currently focus on frozen octopus traded in key wholesale markets. Product quotations are segmented by origin, size range, and processing type to ensure granularity and accuracy.
| Species | Origin |
|---|---|
| Octopus (Octopus vulgaris) | Spain, Indonesia, Philippines |
Prices are quoted on an ex-warehouse basis, representing the cost of goods available at the seller’s designated cold storage facility. This structure reflects landed and palletized inventory that is ready for distribution.
All prices are based on less-than-truckload (LTL) volumes, which aligns with typical wholesale seafood transactions and ensures the data reflects realistic trade levels. Prices are stated in $/lb, the standard industry unit for octopus in the U.S. wholesale market.
Our methodology prioritizes data to ensure accuracy and market reflection:
Independent, confirmed trades are prioritized to form the basis of our assessments.
Validated bids and offers open to the market are considered.
Includes relevant data on trends, related product relationships, and general market activity.
Where needed, we use general indications from experienced market participants to supplement transactional data.
Cephalopod prices are updated and published weekly on Wednesdays at noon EST to capture timely and accurate market shifts.
Data is gathered daily from 8:00 a.m. to 5:00 p.m. EST, capturing current trading information to feed into upcoming assessments.
Have questions or need more information about our price assessments? Our expert price reporting team is here to help. Whether you’re looking for market insights or guidance on submitting data, don’t hesitate to reach out—we’re committed to providing clarity and support.
