See you at Booth# 2C102 April 21-23, 2026 at Seafood Expo Global in Barcelona, Spain

This 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.

Early 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.

See you at Booth# 2643-5 March 15-17, 2026 at Seafood Expo North America in Boston, USA

The 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.

On May 12, 2025, China and the United States Achieve Major Breakthrough in High-Level Economic and Trade Talks Held in Geneva The two countries jointly issued the *Sino-U.S. Joint Statement on Economic and Trade Talks in Geneva*, announcing that they would eliminate 91% of additional tariffs imposed on each other and suspend the implementation of 24% of tariffs for a period of 90 days. This move not only presses the “pause button” on the thawing of bilateral economic relations but also brings a significant turnaround for the seafood trade, which had previously suffered heavy losses.