See you at Booth 2647-3, March 16-18, 2025 in Boston, USA, Seafood Expo North America 2025

Last 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.

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

Will you attend World Seafood Shanghai（SIFSE) 2025 during Aug. 27-29? Please contact us to arrange a meeting there. See you soon.

As of May, South Korea imported a total of 538,472 tons of seafood, including 8,475 tons of frozen squid tubes, compared with 2,766 tons in May, an increase of 30% from 2,133 tons in the previous year. Cumulative imports as of May were 8,475 tons, up 10 percent from 7,706 tons in the previous year.

With 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 at Zhoushan Port has been rising all the way. Especially after the National Day, the price of medium and large squid has jumped. The average price increase has reached 500-600 CNY/ TON in just a few days, and there is a further upward trend, which has led to a new round of overall rise in the price of Gigas squid, and the bullish market has strengthened in the second half of the year.