Fish Prices in Full Transparency

Following this period of a health pandemic, if there was one lesson to be learned from so many others, it is that no market is immune to collapse. In the seafood sector, the French food chain has undoubtedly continued to supply supermarkets, but the closure of borders, and therefore exports, along with the closure of restaurants, has all the same led to a loss of 50% of the markets and a drop in fish prices. At SINAY, we are convinced that the resilience of the « seafood supply chain » is based on the principles of market transparency, traceability of supplies, and sustainability of resources. For years, SINAY has made available its fishing observation expertise on professional vessels, to collect the necessary data for scientists for a documented monitoring of the stock evolution. For the transparency of the fishing market, we developed and launched a few days ago, Fish Price the first App aggregating fish prices for all the auction markets in France. Based on our discussions with seafood market players, we became aware of the need for visibility of the prices charged and their evolution throughout the territory. This first version of Fish Price allows easy reading of official data, accessible to all. In the coming months, we will improve it with new features such as price prediction obtained with artificial intelligence. This tool can thus help a sector where price variability is the key.