Thursday, 22 February 2018 15:17

New publication on the price structure of processed anchovy in Italy

EM2 18 News Int AnchovyItalyItaly is the world’s fourth largest producer of anchovy with 37,511 tonnes caught in 2015 according to the latest EUMOFA Case Study: Processed Anchovy in Italy. Italian anchovy is consumed fresh or processed as salted anchovy, anchovy in oil, or marinated anchovy. This case study, published in February, focuses on salted anchovy and anchovy in oil. Italian anchovy production is broken into two types; Small-scale production marketed regionally and industrial scale production, based partly on imports from countries like Albania, Morocco, and Tunisia, of which circa three fourths is sold within Italy and the rest is exported. In 2015 imports of anchovy reached a little over 26,000 tonnes while about 20,000 tonnes were exported and some 44,000 tonnes were consumed in Italy. For one kilogram of processed anchovy (preserved in oil or salted) between 1,9 and 2,3 kg of fresh anchovy is needed due to losses during the different production stages. Fish accounts for 9% to 20% of the cost of the final product to consumers which ranges from EUR28/kg  to EUR53/kg for small-scale production of anchovy preserved in olive oil in the Ligurian area. Labour costs account for 14%-16%  while distribution costs account for the largest share (between 28% and 53%) of the final consumer price. More detailed information is available online at www.eumofa.eu/eumofa-publications.