Southeast Pacific squid prices rebound, global squid prices stabilize overall

The squid markets in the four major ocean regions are showing a trend of overall stability. Aside from some specifications of squid prices in the Southeast Pacific experiencing an increase, the prices in the other three major regions—the Southwest Atlantic (offshore), Northwest Pacific, and Indian Ocean—remained consistent with the previous week.

After a brief decline, the Southeast Pacific squid market has seen a rebound. Specifically, the prices for large head squid, whole squid, and squid fillets have all increased to varying degrees.

Although the catch volume is gradually recovering, the prices of some specifications have rebounded due to the dual impact of limited returning fishing vessels and the demand release during the year-end holiday season.

Currently, squid fishing in the Southeast Pacific is gradually recovering, but the overall catch volume is still below the average level of previous years. Additionally, it takes time to transport the catch to the domestic market, leading to continued tight supply in the short term, and prices are expected to remain high. However, in the long term, the water temperatures in the coastal areas of Peru have returned to near historical normal levels, providing favorable conditions for squid growth. In the future, as the catch volume continues to increase, the likelihood of an improvement in the squid market supply is quite high.