Chinese Squid Market Slumps

Global Supply Surge:

Peru:

Stable fishing activity; live squid port prices: 3,500–4,000 soles/ton.

Quota increased for giant squid (Dosidicus gigas) from 290,000 to 304,200 tons (season open until Aug 31).

Argentina:

Strong catches of Illex argentinus squid in its EEZ/international waters.
→ Excess supply depresses global prices and swells Chinese inventories.

Product-Specific Trends:

• Frozen Squid: Prices stable (e.g., Argentine skewers, tentacles unchanged).
• Cooked Squid: Significant softening:

 "White silk" & roasted squid: ↓17.3%

 Fin shreds/strips: ↓2–6%

Market Outlook:

Price fluctuations

 The price of squid products will vary depending on factors such as fishing volume, market supply, and shipping costs. Customers can purchase additional inventory when prices decrease to cope with any fluctuations in prices.