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

According to Official Technical Report No. 20/2025 issued by Argentina's National Institute for Fisheries Research and Development (INIDEP) on May 9, as of May 8 (Week 19), the cumulative nationwide squid landings in Argentina had reached 147,929 tons, while the total volume actually recorded at ports has surpassed the milestone of 150,000 tons. This figure not only matches recent high levels but also suggests the potential to set the strongest fishing record of the past decade.

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.

The gigas squid stocks are experiencing significant depletion, leading to a pronounced increase in price levels. From January to August of this year, the prices of gigas squid have remained elevated, with the annual average price reflecting an increase of nearly 62% points compared to the same period in the previous year. Notably, during the first week of June, Peru initiated the harvesting of smaller squid varieties, which were priced lower; however, the overall trend for squid prices in Peru has been upward. Particularly striking is the remarkable surge in prices observed in the first week of September, where the current weekly average price has reached 10,750 soles per tonne, marking the highest price level seen in nearly three years.

Traditionally, the four most famous fishing grounds in the world are the Hokkaido fishing grounds in Japan, the Newfoundland fishing grounds in Canada, the North Sea fishing grounds in the United Kingdom and the Peruvian fishing grounds in Peru. These fisheries are famous for their rich fishery resources and unique reasons for their formation. Nowadays, with global warming and changes in fishery resources, the emerging four major fishing grounds are gradually replacing the traditional fishing grounds as the new fishing centres.

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