Japan's squid supply fell by nearly 20% last year to only 150,000 tons, including domestic catches, imports and carry-over stocks. That's more than 50 percent less than the annual average of more than 300,000 tons since 2000, and 75% less than the 2000 supply of 667,000 tons. According to data published by the National Union of Fisheries Cooperatives of Japan, the decline is mainly due to record low catches of Japanese squid, the main commercial species used in Japan for sashimi and dried products.Landings in 2023 fell by 20 percent to 13,348 tons, a 60-year low and the lowest level on record.

Under pressure from international sanctions, production of pollock fillets and other value-added products declined sharply last year, although Russian pollock production is at its highest level in 25 years.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.

In March 2024, according to the data observation of Zhejiang Zhoushan International Agricultural Products Trade Centre Co., Ltd: from the operation of the monthly price index, the monthly price of China ocean-going squid continued to rise in March 2024, with the index closing at 175.78 points, up 5.90% year-on-year, continuing the trend of high growth in February; from the operation of the weekly price index, the prices of the weeks in March continued to rise, of which the third weekly price increase was Obviously, the index was 166.09 points, up 6.07%, the fourth week of increases narrowed.