The British data analysis agency Mintec issued an announcement stating that squid fishing was bleak, demand remained unabated, and export prices broke new historical highs.
Judging from the situation in the US market, the import price of squid per kilogram has exceeded US$2.2, reaching the highest value in the past five years.
Michael Liberty, a market analyst at Mintec Institution, said that this year, affected by the El Niño phenomenon, the squid was very scarce, and the output fell to the bottom of 20 years. Statistics from January to September show that the squid catch was only 57,500 tons, compared with the same period last year. Compared with a decrease of 55%, especially in the waters of the Falkland Islands, the squid production was only 2,000 tons, a sharp drop of 99% compared with previous years, and the corresponding price skyrocketed by as much as 109%.
Although the Argentine official recently advanced the squid fishing season for next year by about 2 weeks, it is expected to start on January 18-20 next year, and the shortage of squid may improve. However, given that the squid market has been hit so hard this year, the risk of squid distribution in the coming year still exists, and it is hoped that Chinese practitioners will make their choices cautiously.