On 3 February 2023 the Market Advisory Council (MAC) delivered recommendations to the European Commission and to the EU Member States on the disturbances to seafood product markets due to the Russian invasion of Ukraine.
The Russian invasion has resulted in several problems felt across the seafood supply chain. These include shortages and increased prices of inputs and raw materials, higher energy and fuel costs, reduced exports, decreases in consumer demand, high inflation, and employment difficulties.
The MAC is satisfied with the Commission’s response, which was prompt and appropriate, and provided Member States with the measures necessary to mitigate the impacts of the crisis. Nevertheless, there are inequalities between member states in their national implementation of the support measures. Furthermore, the problems faced by the processing and retail sectors have not been sufficiently recognised and addressed.
The full MAC advice is available here: https://marketac.eu/disturbances-in-the-market-of-fisheries-and-aquaculture-products-due-to-the-russian-invasion-of-ukraine/
