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The Illex squid fishing season got off to a bad start, the price in Chinese market has risen!-copy-12023/02/16 19:54Early reports of poor squid catches in Argentina are pushing prices higher in the Chinese squid market. Prices have been rising since Argentina's fishing season began on Jan. 10 as factories feared a potential shortage of supplies this year. The increase is between 200 and 300 US dollars per ton.
The Illex Squid Fishing Season: Fishing threatens to be suspended for nearly 20 days.2024/06/05 09:39This year's squid harvest was unusual from the start. Southern Patagonia, located south of the 49°S parallel, is not exploited by a powerful fleet, but is operated by a fleet 200 miles away. However, since the start of the season, the crews of the 70-vessel Potera fleet have found surprising concentrations of squid in the area and at this time of year.
Southeast Pacific and Southwest Atlantic squid prices continue to rise with active market trading2024/06/19 08:57In week 24 (June 7 to June 13), squid prices in the Southeast Pacific and Southwest Atlantic (offline) continued to rise, but at a slower rate. While Southwest Atlantic (offline) large size squid prices saw a downward revision, Northwest Pacific and Indian Ocean squid prices remained stable.
Argentine squid is experiencing significant growth in the Chinese market2024/07/24 15:39China imported a record 12,542 tonnes of frozen squid from Argentina in May this year, with a total value of $42.5 million, according to the latest data from Chinese customs. The surge was attributed to heavy fishing by Argentine fishing vessels, which in the first half of 2024 in reached 153,000 tonnes, up 54% year-on-year.
Frozen baby octopus all the rage in South Korea! Imports up 15%2024/07/12 15:50South Korea's imports of frozen baby octopus reached 1,904 tonnes in May 2024, up 13 per cent year-on-year, indicating strong market demand, according to the latest data from Union Forsea Corp. Cumulative total imports this year have exceeded 10,629 tonnes, up 15% year-on-year.
Falkland Islands squid industry in crisis: Would be baned by the year of 2025?2024/09/03 14:58The future of the Falkland Islands' fishing industry is looking increasingly bleak, with the industry facing an unprecedented crisis as scientists warn about the long-term sustainability of the Loligo squid stock. Recently, the Falkland Islands Government was forced to call an abrupt halt to all fishing in the second fishing season of 2024 due to the plummeting squid stock, a decision that sent shockwaves through the Falkland Islands, Galicia, Spain and the entire South Atlantic fishing community.
An Analysis of the Squid Market for the First Half of 20242024/09/10 17:31The gigas squid stocks are experiencing significant depletion, leading to a pronounced increase in price levels. From January to August of this year, the prices of gigas squid have remained elevated, with the annual average price reflecting an increase of nearly 62% points compared to the same period in the previous year. Notably, during the first week of June, Peru initiated the harvesting of smaller squid varieties, which were priced lower; however, the overall trend for squid prices in Peru has been upward. Particularly striking is the remarkable surge in prices observed in the first week of September, where the current weekly average price has reached 10,750 soles per tonne, marking the highest price level seen in nearly three years.
Market supply is limited, driving the squid price index to rise sharply2024/09/14 10:34According to data observations from Zhejiang Zhoushan International Agricultural Products Trade Center Co., Ltd.: In terms of the monthly price index operation, the monthly price index for China's distant ocean squid rose significantly in August 2024, closing at 191.16 points, an increase of 3.58% compared to the previous month. In terms of the weekly price index operation, the price index steadily increased each week in August. Among them, the second week saw the largest increase, reaching 2.79%; by the end of August, the index closed at 187.11 points, up 6.23% compared to the end of July.
The squid catch in the central waters of Peru is expected to remain stable in the future2024/09/18 09:27According to the predictions of the Multi-Sectoral El Niño Phenomenon Research Committee (ENFEN) of Peru, the La Niña phenomenon is expected to gradually weaken, and it is anticipated that ocean conditions will remain neutral until April 2025, although negative anomalies may occur.
The Rise of the Emerging Big Four: Global Warming and the New Landscape of Fisheries2024/09/24 14:56Traditionally, the four most famous fishing grounds in the world are the Hokkaido fishing grounds in Japan, the Newfoundland fishing grounds in Canada, the North Sea fishing grounds in the United Kingdom and the Peruvian fishing grounds in Peru. These fisheries are famous for their rich fishery resources and unique reasons for their formation. Nowadays, with global warming and changes in fishery resources, the emerging four major fishing grounds are gradually replacing the traditional fishing grounds as the new fishing centres.
Production of Giant Squid (inline) Fall Sharply2024/09/27 09:46Last year, the giant squid fishery in Peru's EEZ(Exclusive Economic Zone) had a historic harvest, and this year production has fallen so sharply that domestic prices in Peru have risen to as high as PEN 24/kg ($6.36/kg), causing processors to shy away from even acquiring the raw material.
Squid price rises2023/03/02 18:07With the coming of the peak season for traditional squid processing and sales in the second half of the year, the market demand is strong. Since mid-September, the price of Gigas squid...