Focusing on Healthy Marine Food
Argentine squid catches bleak, prices break new highs, 2017 catches early, but risks remain
Release time:
2020-11-15
Mintec, a British data analysis agency, issued an announcement saying that the fishing of squid is bleak, the demand has not decreased, and the export price has broken a record high.
Mintec, a British data analysis agency, issued an announcement saying that the fishing of squid is bleak, the demand has not decreased, and the export price has broken a record high.
Judging from the situation in the US market, the import price per kilogram of squid has exceeded 2.2 US dollars, reaching the highest value in the past five years.
Michael Liberty, an institutional market analyst at Mintec, said that due to the El Niño phenomenon this year, the squid is very rare, and the production once fell to the lowest point in 20 years. Statistics from January to September show that the fishing volume of the squid was only 57,500 tons, compared with the same period last year. Compared with the reduction of 55%, especially in the waters of the Falkland Islands, the output of squid is only 2,000 tons, a sharp drop of 99% compared with previous years, and the corresponding price has skyrocketed, with an increase of 109%.
Although the Argentine official has brought forward the squid fishing season 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 distributing squid in the coming year still exists, and we hope that Chinese practitioners will make choices carefully.
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